It also has emerged that Brexit uncertainty is taking a toll on the jobs market, with a survey suggesting that businesses plan to cut back on hiring for a second successive month and that corporate confidence is reaching its lowest level in more than two years Homeowners struggling with their mortgage payments could increase by around a third with a hard Brexit, 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 three months in arrears on their repayments by spring 2022 if the UK leaves the EU without a deal and the Bank of England does not intervene to support financial markets, while staying in the EU would leave 52,755 in arrears. A spokesman for Kensington said: “Many people are still waiting for clarity from both sides about what will happen after we leave.
Homeowners struggling with their mortgage payments could increase by around a third with a hard Brexit, 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 three months in arrears on their repayments by spring 2022 if the UK leaves the EU without a deal and the Bank of England does not intervene to support financial markets, while staying in the EU would leave 52,755 in arrears. A spokesman for Kensington said: “Many people are still waiting for clarity from both sides about what will happen after we leave.