A new study has suggested that there has been a significant rise in the number of UK homeowners who have missed a mortgage payment due to insufficient cashflow.
Cited by IFAOnline, the LeadPoint research shows that there was a one per cent increase in the number of missed contributions between March and April.
March figures showed that 12 per cent of homeowners had missed a payment, while in April, 13 per cent were said to have done so.
Commenting on the figures, Nick Chapman LeadPoint UK managing director, said: "Our analysis confirms that things are getting a lot tougher for consumers in the current market and will continue to do so over the coming months."
In collecting the data, the group compared more than 20,000 remortgage leads over the period.
The news follows recent figures from the Council of Mortgage Lenders showing that there has been a recent rise in the number of court repossession orders for those who have been unable to fulfil mortgage and debt obligations.