Their research has find out that a staggering 62% of the working population are worried that they, or their partner, will lose their job. Furthermore, that 43% of joint income households are very concerned about their mortgage commitments if the main income earner looses their job.

What’s equally depressing, is that over four million homeowners are concerned that they may enter negative equity in 2010.

And of the people questioned in the research, seven out of ten mortgage holders think the Government should be doing more to prevent the number of home repossessions increasing throughout 2009 and way into 2010. The Council of Mortgage Lenders has estimated that there will be over 75,000 home repossessions in 2009, although property experts believe that this will be at the low end of the scale.

But in an interesting sub-question, 75% of those asked by Which said that 100% mortgages should be banned completely, showing that many people are becoming all too aware about the dangers of restraint free lending policies.

Which has become a loud voice in protecting mortgage holders’ interests, campaigning for a ban on 100% mortgages, calling for a stop on people losing their homes because of unsecured debts (a loop hole which allows creditors to take a charge on someone’s property) and also to force all lenders to become part of the Homeowner Mortgage Support Scheme.

Guest Article by Neil Camp