356000 extra mortgage borrowers could face payment difficulties by mid 2024
An extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June 2024, the Financial Conduct Authority (FCA) said. The FCA defined mortgage borrowers as being financially stretched