It really is not as bad as some papers etc are making out. If anyone is struggling with their mortgage repayments, unless their has been a change to their circumstances, they probably shouldn't have taken the mortgage out in the first place. UK mortgage rates are still relatively low and anyone that doesn't factor in a potential increase is being very short-sighted indeed.

April is also one of the peak times of year when people consider selling. Spring and Autumn always have been the time when more properties come onto the market.

It's about time people realised that living in credit is not the answer. Perhaps the old-fashioned values of not buying something if you don't have the cash should become more fashionable. Perhaps some common sense to realise that two holidays a year, a designer handbag and a flat screen TV are not essential and that if you cannot aford to pay for it now, you probably won't be able to pay off the credit cards either.

Maybe it has been too easy for people to get credit, but you cannot just blame the government or financial institutions. What happened to people taking responsibility for their own actions?


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"Good advice is always certain to be ignored, but that's no reason not to give it." Agatha Christie