Mortgages 🏑

Whether you have a question, news, or would like to partake in our open discussion, this space is dedicated to mortgages! :houses:

I recently came across a study by The Big Issue about house evictions in the UK.

Despite the eviction ban in England and Wales, there were a total of 370 mortgage repossessions and 262 rental evictions in the first 90 days of the year. If you think about it…that’s about 7 households a day being made homeless.

Unfortunately, this is a real issue - with a household made homeless every 3.5 hours based on the study. With all mortgage payment holidays coming to an end by 31st July 2021, there is a chance of a surge in repossessions.

This has got me thinking about emergency funds and whether 3-6 months is enough in times of uncertainty. What do you think? :thinking::thinking::thinking:

@Sam @Akash @Angela @sshawx @Anti