Quarter of a million missing mortgage repayments

According to a One Advice study, not only are 249,000 people missing mortgage deadlines, but well over a million more have racked up debts on credit cards and loans.

The addition of 661,000 people accumulating credit card debt and 416,000 borrowing money through loans means that as many as 110,000 people could be heading towards bankruptcy.

Another problem that should not be overlooked is that of borrowing money off friends and family, something which 837,000 people are resorting to, according to the One Advice figures.

A cahoot study last week had revealed that some £65 billion was owed by Brits from money borrowed off an acquaintance.