House prices fall prompts fear of "arrears timebomb" – Telegraph Blogs
House prices fell to their lowest level since December 2009, according to new analysis of Land Registry figures by LSL Acadametrics, while low interest rates helped reduce repossessions according to the Council of Mortgage Lenders (CML).
But some mortgage brokers claim lenders and borrowers are living in a “fools’ paradise” with an “arrears timebomb” primed to explode as soon as interest rates rise.
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