For the moment, every tax payer is going to subsidise the ever-increasing legions of mortgage holders in arrears (10% and counting). As long the Government has a political strangle-hold over banks going through repossession process, it's a free bet for anyone with a mortgage to go into arrears.
Why would anyone want to keep up to date with a mortgage when there is no surcharge interest payable, pressure to pay is kept to a minimum and reposssession process has to wait 12-24months?
Another "Blame the government" post.
What about having a sense of responsibility and ethics? That's my reason anyway for keeping up the payments on my mortgage.
Would you deliberately default just because you could?