Thursday, 16 December 2010

propertytalk Live! - Fear of homelessness rise amid growing arrears

propertytalk Live! - Fear of homelessness rise amid growing arrears

Shelter has warned of a rise in homelessness as new research reveals the number of households in rent or mortgage arrears has more than doubled in the past year.

A YouGov survey of more than 2,000 Britons found the equivalent of 835,000 households (3%) admit to being in arrears with their rent or mortgage, compared to 405,000 households (2%) in October 2009.

Worryingly, households with children are most at risk (5%). Shelter estimates that more than 480,000 children are currently living in families that are falling behind with their basic housing costs.

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