Your not the only one, the Council of Mortgage Lending expects that for the next seven years the UK public will struggle to cope with the years of excessive boom. The final results will depend on several variables including the usual suspects of interest rates, unemployment, and the general condition of the economy.
The Council of Mortgage Lending is predicting that the number of mortgagees in arrears will top the 200,000 market this year. With many of the most respected property and banking pundits expecting to see interest rates rise in the short to medium term, the recent gains in property prices may soon be eliminated.