More at risk of repossession?

Government figures suggest that nearly 60,000 homes might be at high risk of repossession.

The Housing Statistics 2007 report says that almost 60,000 families with disposable incomes below £1,000 each month are paying £750 a month on mortgage payments. Nearly 20,000 families earning up to £1,000 per month are spending 100% of this on mortgage repayments.

As food prices, petrol, and taxes rise, disposable incomes will probably fall. That will put them closer to the tipping point - especially those who are on cheap introductory offers which they can't refinance.

And the values of their homes probably won't have risen meanwhile.