Kensington Mortgages estimated that 70,296 borrowers would be more than three months in arrears on their repayments in three years’ time if Britain were to leave the EU without a deal and the Bank of England did not step in to prop Homeowners struggling with their mortgage payments could increase by around a third with a hard UK , according to Kensington Mortgages . The niche lender, whose customers include contract workers and the self-employed, said its arrears model is built on analysis of 750,000 general mortgage loans. It estimates that 70,296 borrowers would be over spring 2022 in arrears on their repayments by three months if the UK leaves the EU without a deal and EU does not intervene to support financial markets, while staying in the EU would leave 52,755 in arrears. Currently, 52,755 are behind on their payments.
Homeowners struggling with their mortgage payments could increase by around a third with a hard UK , according to Kensington Mortgages . The niche lender, whose customers include contract workers and the self-employed, said its arrears model is built on analysis of 750,000 general mortgage loans. It estimates that 70,296 borrowers would be over spring 2022 in arrears on their repayments by three months if the UK leaves the EU without a deal and EU does not intervene to support financial markets, while staying in the EU would leave 52,755 in arrears. Currently, 52,755 are behind on their payments.