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News Tag: Shelter

September 21, 2012

Shelter calls for greater security for tenants

by Jan Harris
Shelter calls for greater security for tenants
Housing charity Shelter is calling for landlords to offer Stable Rent Contracts, which would give families the confidence to turn a rented property into a home. Stable Rent Contracts, which would offer five-year tenancies, would also give landlords the security of a steady income, the charity said. Rents would increase in line with inflation each year, under the new contracts. With ...




June 29, 2012

Shelter reveals repossession hotspots

by Jan Harris
Shelter reveals repossession hotspots
Homeowners in the London Borough of Barking and Dagenham are most at risk of having their home repossessed, according to housing charity Shelter. There were around eight possession claims per 1,000 homes in Barking and Dagenham in 2011/12, twice as high as the average for the UK as a whole. Shelter's latest "Repossession Risk Hotspots" study places Knowsley, Merseyside, in second place, followed by ...




June 20, 2012

Tenants unaware of deposit protection scheme

by Jan Harris
Tenants unaware of deposit protection scheme
Housing charity Shelter is receiving a higher number of calls from tenants worried about losing their deposit on rented accommodation, despite regulations being in place to ensure this doesn’t happen. Calls to Shelter’s helpline over rental deposits have almost doubled from 1,764 in 2009-10 to 3,288 in 2011-12. Problems may arise when a tenant moves out and finds that a landlord is ...




January 4, 2012

Housebuyers using payday loans to pay mortgages

by Jan Harris
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In the last year around seven million UK house buyers have been forced to use payday loans or unauthorised overdrafts to meet their mortgage repayments, according to housing charity Shelter. With both of these sources of finance potentially carrying extremely high interest rates, this represents one in seven Britons who could be at risk of falling into a "spiral of debt” and losing their homes, Shelter ...




December 12, 2011

Shoppers risk financial security for Christmas

by Jan Harris
Shoppers risk finances for Christmas
Although stores have been forced to start their sales early this year to persuade shoppers to part with their money, nearly a third of people in the UK will go into debt over Christmas. Fifty-eight percent of this group will put more spending than usual on credit cards and thirty-nine per cent will go overdrawn to fund Christmas according to a survey ...




November 9, 2011

Debt Project wins £250,000 grant

by Jan Harris
Debt Project wins £250,000 grant
Shelter Cymru has won a £250,000 lottery grant to fund a three-year project to offer debt advice to people in Wales. The Wrexham-based service is expected to help around 200 households a year, in an area where there are high levels of personal debt. The project is expected to open in autumn, providing a range of money and debt advice, from ...




February 10, 2011

CML reports further fall in repossessions

by Kay Mitchell
CML reports further fall in repossessions
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions – the fifth consecutive quarter in which they have fallen. According to the Council, lenders seized 7,900 properties in the October to December period - an 11% fall from the 8,900 in the previous quarter. It was also 26% lower than the same period a year earlier. Experts argue, though, ...




January 6, 2011

More than 2m using plastic to pay mortgage/rent

by Kay Mitchell
More than 2m using plastic to pay mortgage/rent
A report from the homeless charity, Shelter, has revealed that in the last year, 2.6 million Britons have paid their mortgage or rent on their credit card. The figure represents a rise of 50% on the previous year and reveals the extraordinary lengths some are going to in order to keep a roof over their head. The charity has previously ...




November 11, 2010

CML reports further fall in repossessions

by Kay Mitchell
CML reports further fall in repossessions
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions - the fourth consecutive quarter in which they have fallen. According to the Council, lenders seized 8,900 properties in the July to September period - representing a fall of 5% compared with the second quarter. Experts argued, though, that many homeowners have been saved from repossession, due to ...




Survey reveals rise in mortgage struggles

by Kay Mitchell
Survey reveals rise in mortgage struggles
According to housing charity, Shelter, there has been an increase in the number of mortgage holders who are struggling to meet their monthly repayments. A survey carried out by YouGov shows that three million people are struggling each month with their mortgage repayments - a staggering increase of 80% compared with a year ago. Worryingly, as inflation remains stubbornly high, together with high ...




January 11, 2010

One million use credit cards pay mortgage or rent

by Gill Montia
”One
New research from Shelter suggests that in the past year, up to one million UK households have used credit cards to pay the mortgage or rent. According to the housing charity, the findings present a disturbing picture of up to a million people taking "desperate measures" to keep the roofs over their heads. The highest proportion of those afflicted ...




June 23, 2009

Repossessions set to escalate, warns Shelter

by David Masters
Repossessions set to escalate, warns Shelter
A "devastating" second-wave of arrears and repossessions is set to hit the UK within the next two years, according to a leading housing charity. Shelter has called on the government and mortgage lenders to prepare for hundreds of thousands of repossessions as rising unemployment takes its toll on homeowners. Figures release this week by the Financial Services Authority (FSA) show that repossessions have ...




August 15, 2008

Mortgage repossession orders surge by 24%

by Kay Mitchell
Mortgage repossession orders surge by 24%
Figures from the Ministry of Justice have revealed that the number of mortgage repossession orders made by courts in England and Wales in the second quarter of 2008, rose by 24% to 28,658, compared with the same period last year. The figures are 4% higher than the first quarter of this year and are equal to the number of orders made in ...




May 6, 2008

Secondary loans could increase repossessions to 53,000

by Gill Montia
Secondary loans could increase repossessions to 53,000
Shelter is warning that in 2008, repossessions could rise to the levels seen in the early 1990s. The housing charity is concerned that large numbers of homeowners now have secondary loans on their homes and that Government and industry forecasts for repossessions are too low because they do not take this into account. The secondary loan syndrome developed during periods of high ...




April 17, 2008

First-time buyers locked out of property market

by Gill Montia
”First-time
Housing charity, Shelter, has published a report that highlights just how difficult it has become for first-time buyers to get a foot on the property ladder. Affordability is the main issue: the average price of a home has risen over 200% in the past ten years, while the average income in the UK has increased by 53%. According to the ...