Some 400,000 Britons are falling behind with their landlord rent and mortgage payments, research from homeless charity Shelter has revealed.

According to a report, dubbed Breaking Point, two million households are finding that meeting housing costs is a constant struggle.

The study indicated that more than a quarter of householders in the UK are suffering mental anguish and depression because of the worries they have over household finance.

Reflecting on the current situation, head of home insurance at Co-operative Insurance James Hillon said: "Sadly, there are many families, couples and individuals who are at risk of repossession or eviction around the UK particularly at Christmas."

His comments come as Co-operative Insurance has committed to helping raise money for Shelter by donating money each time a new business home insurance policy is taken out.

Meanwhile, a number of private landlords have complained that the new housing benefit system - the Local Housing Allowance - has caused them financial difficulties due to government money now going to the tenant, rather than straight to the property owner.

Written by Claire Doyle
ADNFCR-2002-ID-19493453-ADNFCR

Related posts:

  1. Private landlords ‘concerned about rent’
  2. Private landlords ‘vulnerable to missed rent payments’
  3. LPS: Thousands of would-be FTBs chose to rent
  4. Paying a landlord rent ‘more difficult’
  5. Property tax holiday ‘benefits thousands’

Leave a Reply

You must be logged in to post a comment.

HOME