Tag: Shelter

Housebuyers using payday loans to pay mortgages

Housebuyers using payday loans to pay mortgages

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 [...]

January 4, 2012 | 0 Comments More
Shoppers risk financial security for Christmas

Shoppers risk financial security 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 [...]

December 12, 2011 | 0 Comments More
Debt Project wins £250,000 grant

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 [...]

November 9, 2011 | 0 Comments More
CML reports further fall in repossessions

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 [...]

February 10, 2011 | 0 Comments More
More than 2m using plastic to pay mortgage/rent

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 [...]

January 6, 2011 | 0 Comments More
CML reports further fall in repossessions

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 [...]

November 11, 2010 | 0 Comments More
Survey reveals rise in mortgage struggles

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, [...]

November 11, 2010 | 0 Comments More
One million use credit cards pay mortgage or rent

One million use credit cards pay mortgage or rent

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 [...]

January 11, 2010 | 0 Comments More
Repossessions set to escalate, warns Shelter

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 [...]

June 23, 2009 | 0 Comments More
Mortgage repossession orders surge by 24%

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 [...]

August 15, 2008 | 0 Comments More
Secondary loans could increase repossessions to 53,000

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 [...]

May 6, 2008 | 0 Comments More
First-time buyers locked out of property market

First-time buyers locked out of property market

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 [...]

April 17, 2008 | 0 Comments More