Homeowners are today being warned against the deliberate non-payment of their mortgage.
The Association of Chartered Certified Accountants (ACCA) stated that some borrowers are opting to use their money on lifestyle spending.
The ACCA stated that people holding back in the hope that their debts will be wiped out under the new personal insolvency legislation.
"A lot of advice seems to be given anecdotally out there, that people should strategically default on their mortgages and I suppose the key thing that I think is that a 'one-fits-all' policy should not be applied," said ACCA president Tom Murray.
"In the vast majority of cases, that strategic default to fund or maintain your lifestyle at the moment may not be the best option for the majority of people out there."