Thursday, February 25, 2021

one in 10 owner-occupiers do not have enough savings to cover even a single month mortgage payments

770,000 households could see their homes repossessed

About 770,000 homeowners are vulnerable to repossession during the pandemic if they have suffered a loss if income, a new report revealed, calling on more government support for those at risk of eviction. Meanwhile, renters may be struggling as well. Last week, a coalition of landlords, housing groups and charities has warned that the government needs to do more to support renters and avoid them "being scarred" by debts, otherwise more will lose their homes in the coming months, with the risk of an increase in homelessness.

Posted by deepak @ 12:31 PM (1339 views)
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2 thoughts on “one in 10 owner-occupiers do not have enough savings to cover even a single month mortgage payments

  • What would help tenants a lot is if rents were brought back to 2008 levels. Mortgage interest costs have plummeted since then, but lack of competition means that rents have not fallen to reflect this

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  • Right to buy and buy to let , big mistakes, and property keep going up to

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