One in seven people fear missing housing payments in the West Midlands
Housing charity Shelter believes that millions of people across the West Midlands have reached ‘breaking point’ with their budgets.
It is expected that 43% of people in the West Midlands are going to struggle or fall behind with their rents and mortgages in 2014.
Research based on a YouGov survey of over 4,000 British adults has revealed that many people across the West Midlands are unable to face up to their financial difficulties. One in six said that they had not opened post which they believed to contain a bill or late payment reminder, reports The Birmingham Mail.
Campell Robb, Shelter’s chief executive, said: “It’s a worrying sign of the times that so many are starting the New Year worried about how they’ll pay their rent or mortgage in 2014. Unless they get help, some of the families struggling now could face the very real prospect of losing their home this year. Despite recent discussion of an economic recovery, we know that a combination of high housing costs, wage freezes, and rising food and energy bills has created a nightmare scenario for many families that’s pushing them to breaking point.”
Liz Clare, a helpline adviser at Shelter, said: “We’re now seeing a stream of cases of families who’ve been unable to cope with mounting rent or mortgage bills.Our message is that we’re on your side. Come to us for help early on for the best chance of keeping your home.”
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