More doctors, solicitors and architects struggling to pay mortgages, says charity

More doctors, solicitors and architects struggling to pay mortgages, says charity

The number of professionals needing help for mortgage difficulties has nearly doubled in the last year, according to a charity.

The Phoenix Project said that it has seen a significant increase in the number of doctors, solicitors and architects who are struggling to pay their mortgage over the past year.

The Irish Times reports that 38% of the 1,800 cases the charity is dealing with relate to professionals in mortgage arrears - up from 20% last year.

The increase is being blamed on an increase in pressure from banks and vulture funds on many property investors.

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