It is sad but honestly - when the rates were low everyone was warning people of over committing in case rates went up again - what would these folk do if they were back at 15% or more as they were in the late eighties and early 90's?
Many have over-committed, being very impatient and wanting everything, 4 x 2 house, big garden, new car, all mod cons, all at once.
Some genuine cases out there but many only have themselves to blame!!
