One in 11 struggling to pay housing costs
If you’re worried that you might not be able to make the rent or mortgage this month, you’re not alone. The financial squeeze is so bad that one in 11 people are worried they might not be able to pay up for the roof over their head.
That’s according to a survey by Shelter, who polled 4000 people and found that families were most affected – 70% of them were struggling or falling behind with payments – because children are hideously expensive, and so is everything else.
Campbell Robb of Shelter said that families were finding themselves in a ‘nightmare scenario’ of high energy bills, extortionate housing costs, frozen wages and increased cost of living. There is no money in the pot. In fact, someone has sold the pot and taken it to Cash Converters to buy little Jimmy a Scalextric.
Shelter have also warned there will be an ‘ostrich effect’ with people ignoring bills and urgent outstanding payment and getting into more and more trouble.
Mr Robb said: ‘It’s a worrying sign of the times that so many of us 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.’
Over to you, the government!
‘Our efforts to tackle the record deficit we inherited have kept interest rates down, rent rises below inflation, and mortgages more affordable, while mortgage arrears are at a record low and repossessions at their lowest level since records began in 2008.’ said Housing Minister Kris Hopkins, who claims the heating bills for his second home on expenses.