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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Amount of mortgage debt taken on at lowest level in ten years

24/05/2010

According to figures from the Council of Mortgage Lenders (CML), the amount of (gross) mortgage debt taken on during April dropped to £10.3bn - 12% lower than the £11.6bn recorded in March, and the lowest April figure since 2000, the Telegraph reports.

The CML had said it had expected `a slight seasonal decline during the month due to Easter falling in April this year.`

Director of easyroommate.co.uk, Jonathan Moore, said: "This is not just another blip in the recovery - there is still a very real mortgage drought. And it`s not getting better.

"To reignite any progress in the housing market, lenders need to meet the growing demand from wannabe first-time buyers with affordable mortgages. Would-be first-timers are being forced to stay in rented accommodation or live with parents for longer than ever to scrape together enough cash for deposits."

A spokesperson for Debt Advisers Direct commented: "Mortgage availability is significantly lower these days, but that doesn`t mean that there aren`t any attractive products available. We would advise anyone thinking of taking on a mortgage debt to shop around and speak to a mortgage adviser to make sure they get the best deal for their needs."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according