Just like in America, Britain is being brought to it’s knees economically

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Millions fear missing January’s rent or mortgage payments, says Shelter

Interest rate rise would put many more in trouble, with almost 60% saying they are already struggling to meet housing costs

Evictions hit a record high of more than 100 a day last autumn, while 2,805 mortgage borrowers lost their homes between July and September. Photograph: Alamy

More than 3m households in Britain fear missing their rent or mortgage payments this month, Shelter has said, adding that an interest rate rise would put many more in trouble.

Research from the housing and homelessness charity shows that almost 60% of people say they are struggling to meet their housing costs. One in nine fear they will be unable to meet January’s payments, as families struggle to balance their budgets after Christmas.

Shelter says “sky high housing costs” mean more people risk being swamped by their mortgage or rent demands.

“Many people have spent a long time thinking they have nowhere to turn and are often close to breaking point by the time they come to us. If you’re in this situation, it’s so important to remember you’re not alone and that help is available,” said Shelter’s helpline adviser, Nadeem Khan.

The number of visitors to its website seeking advice on eviction, repossession and rent and mortgage arrears has spiked in recent months, suggesting the problem is becoming more acute, a spokesperson said.

Shelter urged people to get in contact if they need help to avoid eviction.

“I spoke to a lady recently who was sick with worry for months because she couldn’t meet her mortgage payments and felt too ashamed to ask for help,” Khan said. “When finally a court notice landed on her doorstep she came to us and we were able to help the family keep their home.”

Evictions hit a record high of more than 100 a day in the autumn. Bailiffs repossessed more than 11,000 rented properties between July and September, the highest quarterly figure since records began in 2000, and 2,805 mortgage borrowers lost their homes during the quarter.

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The bedroom tax has been blamed for driving the increase in evictions, by cutting the amount of housing benefit paid to social housing tenants whose homes are deemed too large for their requirements….More Here

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