A rise in the number of bad credit or subprime mortgage arrears is on the rise in the wake of the credit crunch, reports MyFinance.co.uk.

While slipping behind in mortgage repayments is the norm for many with chequered credit histories, the freeze on the market has caused a multitude of extra problems.

Where previously many would have been able to secure remortgage deals to alleviate financial difficulties, the retraction of many deals on the market by the lenders has left many high and dry.

Credit rating agency Standard and Poor reported that Royal Bank of Scotland and Northern Rock were experiencing the most delinquency problems.

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