People in the UK are fighting an uphill struggle to avoid mortgage repayment problems as more of their wages than ever have to go towards paying for their homes.
Research from the Council of Mortgage Lenders shows that mortgage payments as a percentage of income rose from 16.3% in November 2006 to 18.8% in November 2007.
With people struggling to balance multiple outgoings including higher utility bills on top of these mortgage increases it seems almost impossible to keep up.
The best advice is to review all of your financial products, including your mortgage loan to see if you can get a better deal. A lot of people in the UK stick with what they have for too long without considering there might be a much better deal on the table somewhere else.