More than 750,000 households at risk of mortgage default, regulator warns

The figures were included in Financial Conduct Authority correspondence published by the Treasury Committee

Some 770,000 households are either at risk of a mortgage shortfall over the next two years or are already behind with payments, according to the Financial Conduct Authority (Steve Parsons/PA) (PA Archive)

Some 770,000 households are either at risk of a mortgage shortfall over the next two years or are already behind with payments, according to the Financial Conduct Authority (FCA).

And the FCA has estimated, based on its data, that up to an additional 570,000 mortgage borrowers may be at risk of a payment shortfall over the next two years.

The figures were included in correspondence published by the Treasury Committee on Wednesday, as part of the FCA’s response to questions posed during a recent accountability hearing.