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    Cash-strapped Britons could be forced into selling their homes as lenders become increasingly wary of sub-prime borrowers, an expert has warned.

    Bob Sturges, spokesman for sub-prime lender Money Partners, told the Times many people coming to the end of their fixed-rate mortgage deals are going to be hit with higher rates and be unable to remortgage.

    "If they can’t afford the higher rates, they face the prospect of selling up and joining the rental sector. This will affect tens of thousands, if not hundreds of thousands of people," he said.

    His words could cause many debtors to re-examine their finances to ensure they can afford their lender’s standard variable rate once their fixed-rate deal finishes.

    The government advises there are several ways to manage the cost of problem debt, including consolidation loans, informal arrangements with creditors and individual voluntary arrangements (IVAs).

    An IVA allows the debtor to repay an affordable sum each month and guarantees they will be debt-free within a set period of time, usually five years. Unaffordable debt can be written off.

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