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Financial Conduct Authority says 356,000 mortgage borrowers could face payment difficulties by end of June 2024

Business Мар 10, 2023 at 08:42

Financial Conduct Authority says 356,000 mortgage borrowers could face payment difficulties by end of June 2024

Those most likely to be financially stretched live in London and the South East and tend to be in the 18 to 34 age group.

Hundreds of thousands of mortgage holders could face payment difficulties by the end of June next year, according to analysis by the Financial Conduct Authority.

The regulator has said that, in addition to the households already behind on payments, 356,000 mortgage borrowers could face payment difficulties by the end of June 2024.