130,000 mortgage holders ‘in difficulty’

AS many as 134,000 mortgage holders could be having difficulty with mortgage repayments.

A survey of the country’s brokers also found half of their clients are cutting back on their contributions to pension and investment products with most saying it is because of the loss of a job or reduced income.

On a positive note, the Friends First brokers’ survey found just over half of brokers feel the worst of the recession is over.