- 6 updates
It is "difficult and expensive" to keep up with the rent every month, but there is help out there according to Antonia Bance from Shelter.
She spoke to Daybreak about the millions of Britons who are struggling to keep up with rent and mortgage payments.
Shelter estimates that almost one million people took out a payday loan over the last 12 months to help them cover their mortgage or rent.
Mandy Buxton was one of them, she told ITV Daybreak that she now faces eviction.
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.
- 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
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.