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January rent or mortgage woes faced by one in eleven Brits

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January rent or mortgage woes faced by one in eleven Brits

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

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One in eleven Brits fear they will be unable to pay their rent or mortgage at the end of January, new research has revealed.

A YouGov survey for housing charity Shelter found that household budgets are at breaking point, with millions worried about losing their homes.

The survey, which quizzed over 4,000 British adults, discovered that families are the group worst affected. Over 70% of rent or mortgage payers with children are currently struggling with rents or falling into arrears, compared with 63% of the general population.

And the survey found that nearly one in five facing financial difficulties have not opened post if they thought it was a bill or late payment reminder.

With over one in three expecting to struggle with their rent or mortgage in 2014, Shelter is urging anyone worried about their housing costs to get help as early as possible by visiting its advice website.

The charity notes that its advisers regularly see cases where people don’t ask for help until they reach crisis point.

Liz Clare, a helpline adviser at Shelter, said: "We’re now seeing a stream of cases of families who’ve been unable to cope with mounting rent or mortgage bills and feel at breaking point.

"We hear from people every day who are struggling, so you are not alone. Our message to anyone struggling to pay their rent or mortgage is that we’re on your side. Come to us for help early on for the best chance of keeping your home."

Campbell Robb, Shelter's chief executive, added: "It’s a worrying sign of the times that so many are starting the New Year worried about how they’ll pay their rent or mortgage in 2014. Unless they get help, some of the families struggling now could face the very real prospect of losing their home this year."

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