Millions struggle to meet monthly housing payments

Housing Wed, Mar 23, 2016 10:25 AM

Millions struggle to meet monthly housing payments

Millions of Britons are struggling to pay their rent and mortgages every month.

According to a survey carried out by housing charity Shelter, the number of people who find it difficult to meet their monthly housing payments has risen by 44% over the last year.

Some 4% of mortgage payers have fallen behind with their payments over the last 12 months. This equates to 1.4m people nationally.

The survey found that 7% used an unauthorised overdraft to help pay their rent or mortgage, while 2.5%  had to take out a payday loan.

Campbell Robb, Chief Executive at Shelter said: “Payday loans may seem like a quick fix but the huge interest charges mean things can quickly spiral out of control.

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."

Featured News

Specification news
Long life laminate floors for housing

Laminate floors from Unilin Flooring are a long life solution for housing projects. ...

Read More >>

Specification news
Keylite helps housebuilders meet ambitious housing...

With the UK government targeting 1.5 million new homes over the next five years,...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

Your high performance facade panel. With James Hardie, It’s Possible™ Brochure

Your high performanc...
By James Hardie

Download Now >>

James Hardie brings unique designs to life with beautiful fibre cement products that are built to last. It’s Possible™ Brochure

James Hardie brings...
By James Hardie

Download Now >>

fermacell® The Specification Guide Brochure

fermacell® The Speci...
By James Hardie

Download Now >>

Hardie backer fibre cement backerboard for Tile & Stone  Brochure

Hardie backer fibre...
By James Hardie

Download Now >>

RIVERSTONE® - DISCOVER NATURAL PHYLLITE Brochure

RIVERSTONE® - DISCOV...
By SSQ

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

Senses White Fleck Kitchen Surfaces
Senses White Fleck Kitchen Surfaces

Senses Kitchen Surfaces. Beautifully Crafted, Effortlessly Maintained. The Senses range of...

Read More >>

SM 485: fast-setting, self-levelling smooth coat for interior floors
SM 485: fast-setting, self-levelling smooth coat for interior floors

FASSA's new SM 485: Your choice for a fast-setting, self-levelling smooth coat for interior floors,...

Read More >>

SL 416: A fast-setting, self-levelling smooth coat for interior floors
SL 416: A fast-setting, self-levelling smooth coat for interior floors

FASSA's new SL 416: A fast-setting, self-levelling smooth coat for interior floors. With superb...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Specification Insights with Majestic London Showers
Specification Insights with Majestic London Showers

Specification Insights with Majestic London Showers

Watch Now >>

Discover the first-ever reference book for stone wool insulated sandwich panels
Discover the first-ever reference book for stone wool insulated sandwich panels

“Building with stone wool insulated sandwich panels” written by Professor Imperadori, is now...

Watch Now >>

Portakabin | Installation at the iconic Admiralty Arch, London
Portakabin | Installation at the iconic Admiralty Arch, London

Portakabin | Installation at the iconic Admiralty Arch, London

Watch Now >>