- 3 updates
The Government has dismissed claims by housing charity Shelter 19% of home owners are forced to borrow from credit cards, payday loans or friends and family in order to pay their mortgage.
Housing minister Kris Hopkins said Shelter's figures were "based on a small number of calls to their helpline" and pointed to a fall in the number of repossessions and evictions as evidence of a stabilising market.
Two-fifths of people would not tell friends or family about mortgage problems, a housing charity has found.
A wide-ranging survey from Shelter found:
- 40% said they would not talk to family or friends about struggles with housing costs.
- 25% would feel too "ashamed" to approach anyone for help.
Nearly one fifth of people said they had borrowed money to meet a mortgage repayment last year, according to research by the housing charity Shelter.
At least 19% of people quizzed admitted to borrowing in some way to keep their home, with 2% relying on a high-interest payday loan to cover costs.
Others had dipped into an unauthorised overdraft, borrowed on their credit card or asked family or friends for the funds, a survey of almost 3,700 people revealed.
Campbell Robb, chief executive of Shelter, urged those who are struggling with their rent or mortgage costs to seek help.
He said: "Our message today is don't keep your worries to yourself. Shelter's expert advisers can be the difference between keeping your home and losing it."