50 percent of middle class professionals fear they may be repossessed

Research shows that 50 percent of middle class homeowners are in fear of losing their properties in 2009 as they continue to struggle to pay their mortgage payments according to reports in the Daily Telegraph.

The Council of Mortgage Lenders predicts that the number of repossessions will hit 75,000 next year nearly double of this year.

According to a YouGov poll 44 percent of homeowners are worried that they will get repossessed in 2009. With a similar number of people worried that they won’t meet their mortgage payments between now and then ends of 2010.

The New Homeless study found that the fear of repossession runs across all classes with 42 percent of middle class professionals worried about next year’s mortgage payments compared to 46 percent of blue collar households.

Source: Telegraph