'Millions' struggle to pay rent

Almost one and a half million people are falling behind with their rent or mortgage payments, according to claims from the homeless charity Shelter.

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Home repossessions lower than expected

A survey carried out for Shelter has shown that millions of Britons are finding it difficult to keep up with rent and mortgage payments.

Despite this, figures from the Council of Mortgage Lenders (CML) show that the number of home repossessions have been much lower than expected.

The CML said that the number of home repossessions has fallen to its lowest level since 2007 in the third quarter of this year.

Rise in mortgage costs in recent months say homeowners

  • Shelter estimates almost one million people took out a payday loan over the last 12 months to help them cover their mortgage or rent
  • Based on their figures it is estimated that around 979,000 had taken out a high-interest payday loan for this purpose
  • The charity said the number of people constantly struggling to pay their rent or mortgage had increased by 44% over the past year - 7.8 million Britons
  • 4% of rent or mortgage payers said they had fallen behind with their payments, an estimated 1.4 million people at a national level
  • Nearly 10% of those surveyed said they used an unauthorised overdraft to help them cover costs, and one in ten of these people said they did so every month
  • More than a million homeowners saw their mortgage costs increase in recent months after several lenders raised their standard variable rates

Shelter's Chief Executive urges people to get advice on payments

It's shocking to think that so many families will be starting the New Year with a huge weight hanging over them, trapped in a daily struggle to keep their home.

Payday loans may seem like a quick fix, but the huge interest charges mean things can quickly spiral out of control.

It's vital that anyone who's having difficulty paying their rent or mortgage gets advice now.

Don't wait until things reach breaking point later in the year - it could leave your family's home at risk.

– Campbell Robb, Shelter's Chief Executive

Over one million Britons falling behind with rent

Shelter's research was taken from a survey of 4,000 people across Britain Credit: Rui Vieira/PA Wire

Nearly one and a half million people in Britain are falling behind with their rent or mortgage payments, new research from Shelter shows today.

The survey of more than 4,000 British adults found that the number of people constantly struggling to pay their rent or mortgage has increased by more than 40 per cent over the past year.

The charity warned that nearly eight million people are now facing a monthly battle to pay their rent or mortgage.

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