Over a quarter of Britons fear they will fall into rent
or mortgage arrears in 2016, according to a survey by Shelter. The poll found
29% were worried about being able to pay their rent or mortgage at some point
in the year. Mortgage payers have one eye on the Bank of England which will
eventually raise interest rates. The base rate is 0.5%. Now policy-makers want
to gradually raise interest rates. Renters have seen sharp rises in recent years.
The average rents in England rose 5.26% between 2011 and 2015, well ahead of
pay during the same period. Pressures on household incomes, with wages in
real-terms decline for several years, and welfare cuts have also made rents
more of a burden. Shelter's survey also found one in three people worry a
breakdown in their relationship would leave them homeless. Read more on the
International Business Times website.
No comments:
Post a Comment