This article on the BBC website gives a bit of mixed news. On the negative side it warns of rate rises early in 2015. However, this is hardly new information and has been forecast for quite some time. Maybe use a mortgage calculator to work out exactly what your payments will go up by for each quarter of a percent rate rise (drop us an email if you need help with this).
On the plus side though repossessions are down to 5,400 for the second quarter of 2014. Although this is down I’m personally quite saddened as that’s nearly 2,000 people a month losing their homes. Or more than 60 per day!!
Let’s hope the trend continues downwards and the much vaunted economic recovery reaches grass roots level.