60,000 homes at high risk of repossession, Liberal Democrat analysis shows
Liberal Democrat analysis of official figures has revealed that up to 60,000 families are at a high risk of repossession - double the number who had their homes repossessed last year. This is based on figures showing that almost 60,000 families with take home pay of less than £1000 per month (after Income Tax and National Insurance) are paying £750 a month (over 75% of their salary) on their mortgage payments. Almost one in three of these families is spending 100% or more of their take home pay on mortgage repayments each month.
7 Apr 2008
