Millions of Brits worried about paying the mortgage

3 January 2014

One in 11 people in Britain fear they won't be able to afford their mortgage or rent at the end of this month, according to new research.

Indeed, research by homeless charity Shelter and YouGov, found families are worst affected, with 70% of rent or mortgage payers with children currently struggling or falling behind with their payments, compared to 63% of the general population.

And it's a problem that is not likely to go away, with more than one in three (38%) expecting to struggle or fall behind with their rent or mortgage in 2014.

Shelter also revealed nearly one in five Brits (18%) wouldn't open the post if they thought it was a bill or late payment reminder. Even more alarming, one in eight (14%) admitted to putting bills straight into the bin without opening them.

Campbell Robb, chief executive of Shelter, said: "It's a worrying sign of the times that so many of us 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."

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Breaking point

Liz Clare, a helpline adviser at Shelter, added: "We're now seeing a stream of cases of families who've been unable to cope with mounting rent or mortgage bills and feel at breaking point. We all know how difficult it can be to face up to financial problems and we often hear from people who've been avoiding urgent post, but the reality is that not confronting it means things can spiral out of control."

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