Charity finds 4,000 households risk losing their home each week
Charity Shelter has found that over 4,000 households in England are at risk of losing their home each week due to high housing costs and a shortage of affordable homes.
Analysis of possession notices issued over the last year suggests that 215,000 homes in England are at risk of eviction or repossession and Shelter are warning that rising interest rates would bring more households under threat, reports the Guardian.
The research found that people are most likely to face losing their home in Newham in London and Salford is the biggest “eviction and repossession risk capital of the north”. London boroughs dominate the repossession risk list, but Nottingham and Peterborough also feature in the op 20, according to research based on Ministry of Justice data on homeowners and private or social renters receiving a possession of notice for their home.
“These staggering figures show just how many families go through the trauma of learning that their home is at risk, every single week,” said Shelter chief executive Campbell Robb.
“People are hearing that the economy is recovering, but we’re seeing the reality that many families across the country are still battling to keep their heads above water and keep their homes. Just one thing such as a job loss or serious illness can tip any of us into a downward spiral that puts our home at risk. Getting advice early is the best way to halt the spiral of rent or mortgage arrears and can mean the difference between losing a home and keeping it.”
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