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'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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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

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