Tag Archives: ‘Financial Knife-Edge’: Over 3m Households Fear Missing January Mortgage Or Rent Payments

InquiringMinds – ‘Financial Knife-Edge’: Over 3M Households Fear Missing January Mortgage Or Rent Payments – 1 February 2015

Inquiring Minds

Published time: January 05, 2015 15:42

In a climate of “sky-high housing costs,” over 3 million households across the UK are plagued by fears of missing mortgage or rent payments in the next few weeks, a homelessness charity warns.

Research conducted by UK housing and homelessness charity Shelter reveals an overwhelming 60 percent of Britons say they are struggling to cope with their monthly housing costs. Even a marginal rise in interest rates would create a financial crisis for homeowners, the charity says.

The Bank of England (BoE) has repeatedly indicated it will raise interest rates in Britain gradually, but claims borrowing costs will not increase until Britain’s real wages begin to rise. Continue reading

‘Financial Knife-Edge’: Over 3m Households Fear Missing January Mortgage Or Rent Payments – 6 January 2015

RT logoIn a climate of “sky-high housing costs,” over 3 million households across the UK are plagued by fears of missing mortgage or rent payments in the next few weeks, a homelessness charity warns.

Research conducted by UK housing and homelessness charity Shelter reveals an overwhelming 60 percent of Britons say they are struggling to cope with their monthly housing costs. Even a marginal rise in interest rates would create a financial crisis for homeowners, the charity says.

The Bank of England (BoE) has repeatedly indicated it will raise interest rates in Britain gradually, but claims borrowing costs will not increase until Britain’s real wages begin to rise.

In the wake of an expensive Christmas period, however, many are struggling to balance their budgets. One in nine people are concerned they will not be able to afford payments due in January, Shelter’s research indicates.

Read the full story at: www.rt.com / link to original article