How the credit crunch will affect homeowners

It’s currently impossible for a day to go past without hearing about the credit crunch. But while we all know that it is causing trouble for the world’s banks and stockmarkets, what does it mean for homeowners?

It's currently impossible for a day to go past without hearing about the credit crunch. But while we all know that it is causing trouble for the world's banks and stockmarkets, what does it mean for homeowners? Here we look at what the current financial upheaval means for everyone already on or trying to get on the property ladder.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.