Mortgage repayments are costing consumers more each month than they will spend on food and drink. Hardly surprising then that so many people are experiencing problems meeting bills.
Housing costs including mortgage repayments devour 19% of a families monthly income on average, with only 15% being spent on food and drink.
The research shows how big a problem mortgage repayments have become for many households, leaving them will less cash to use for other essential products and services.
If you have problems meeting your mortgage bills each month, you should ensure you're on the best deal available and get in contact with your provider.
These findings highlight what's really important and that's maintaining a healthy lifestyle which includes keeping your finances in shape.