One and a half times as many homeowners were unable to sell properties during the last 12 months as those who successfully moved house, according to new figures.

1.1m homeowners tried to sell their house but failed in the past year

There were more than 1.1 million failed attempts at selling, with unrealistic prices cited as a major factor, compared to 725,000 successful property transactions.

At the same time 755,000 prospective buyers were unable to complete purchases, one in ten of whom were unable to raise a sufficient deposit.

The findings are based on Land Registry and Register of Scotland data and opinion polls conducted among over 2000 adults in June this year for the bank Santander.

They are billed as a painless new way to spread the cost of buying a home. But experts warn the introduction of 40-year mortgage terms may end up almost doubling your debts  -  and leave you struggling to pay the bills well into your 70s. 

Advice: For help with a Mis Sold Mortgage and Sub Prime Mortgage Compensation please call 0800 043 1683. 

A host of lenders have ditched the old rule that mortgage terms are set for a standard 25 years and must be cleared by the normal retirement age. 

Now, Halifax, HSBC, First Direct and ING Direct all let borrowers keep their mortgages running for another decade and a half. 

Britain's biggest High Street banks have been swamped by a staggering 11,000 complaints a day from angry customers.

Advice: For help with a Mis Sold Mortgage and Sub Prime Mortgage Compensation please call 0800 043 1683.  

The sheer scale of the shabby customer service doled out by the ‘big six’ banks was laid bare for the first time yesterday 

when they were forced to publish the number of disputes they had received in the first six months of the year.

Damning figures reveal as many as nine in every ten complaints about banking were rejected without so much as an apology.