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Shelter urges the Government to keep funding for debt advice services to help the thousands of families at risk of arrears and repossession.
Kay Boycott, Shelter’s Director of Communications, Policy and Campaigns has stated that although repossessions have dropped slightly over the last year, they remain exceptionally high, with thousands of families experiencing loss of their home.
She warned that further threats such as interest rate rises, public sector unemployment and negative equity as a result of falling house prices, could cause people to fall into a dangerous spiral of debt, arrears and ultimately homelessness.
With advice being so crucial to keeping people in their homes, she has urged the Government to keep funding for debt advice services in the upcoming Comprehensive Spending Review.
Her comments followed new Council of Mortgage lenders (CML) figures, released 12 August 2010, showing that there were 9400 repossessions between April and June 2010.
Click here to read the article in full.
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Kay Boycott, Shelter’s Director of Communications, Policy and Campaigns has stated that although repossessions have dropped slightly over the last year, they remain exceptionally high, with thousands of families experiencing loss of their home.
She warned that further threats such as interest rate rises, public sector unemployment and negative equity as a result of falling house prices, could cause people to fall into a dangerous spiral of debt, arrears and ultimately homelessness.
With advice being so crucial to keeping people in their homes, she has urged the Government to keep funding for debt advice services in the upcoming Comprehensive Spending Review.
Her comments followed new Council of Mortgage lenders (CML) figures, released 12 August 2010, showing that there were 9400 repossessions between April and June 2010.
Click here to read the article in full.
More...
