ITV to investigate mortgage market

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by Brian Turner

ITV are investigating the UK mortgage market for their award winning current affairs series “The London Programme”, and are looking for people to share their experiences.

ITV London are focusing on issues of debt and affordability in the mortgage market, and are looking into issues surrounding the impact of over borrowing on individuals as well as on the wider market.

According to Emma Gray, researcher for the programme: “We are investigating whether it is now too easy to secure unaffordable loans and whether banks and mortgage brokers may be persuading people to borrow above their means.”

“We would like to speak to people who have experienced problems with over borrowing and who may even have had, or be in the process of having, their home repossessed because of their mortgage problems. Were they ever advised to exaggerate their earnings to secure a mortgage, to ‘lie to buy’?”

The program will also investigate whether the current property cycle is likely to mirror the property market collapse towards the end of the 1990’s, when property in some areas lost as much as 35% of their value.

You can contact Emma with strict confidentiality at emma.gray@itv.com, or call on 020 7737 8995.