UK Mortgage Crisis Deepens as Borrowers Struggle with Rising Rates

Mortgage arrears jumped 13% in Q2 as borrowers struggle with rate hikes, including Stephen McKeown who may become homeless after selling his house.

Mark missed a payment after an unexpected vet bill, struggles to get help from his lender, and pays over half his wages toward his mortgage.

Sophie Siangolis, a buy-to-let landlord, is running at a loss each month and will likely have to sell her 16 properties.

Siangolis says rents don't cover mortgages anymore with rates doubling, and she can't switch to fixed rates due to high fees.

Landlords selling up raises concerns about affordability and availability of rental housing.