More mortgages available

According to figures from financial information service Moneyfacts, the number of mortgages available on the market has increased over the past month, the BBC reports.

At the beginning of March, the number of mortgage deals available requiring deposits of between 0% and 40% reached 1,798 - 6% higher than it was one month earlier, and 68% more than 12 months ago.

A spokesperson for debt management company Gregory Pennington commented: "It is encouraging to see the number of mortgage deals on offer increasing.

"However, we would advise anyone thinking of securing debt against property to think about whether they will be able to afford their monthly repayments if their financial circumstances were to change - if they suffer a loss in income, for example, or their expenditure rises.

"Anyone who does struggle to afford their debt repayments - secured or unsecured - should speak to their lender(s) without delay to explain their situation. Alternatively, they could seek help from a professional debt adviser."

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Gregory Pennington offer debt advice and debt management plans, as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.