One in three ‘have mortgage fears’
A THIRD of people are concerned they won’t be able to pay their mortgage or rent next year, according to the Chartered Institute of Housing.
CIH chief executive Grainia Long says: “The fact that one in three people are worried they won’t be able to pay their mortgage or rent next year and almost a quarter are already concerned about their ability to pay at the moment, which is extremely disturbing.
“The number of people worried about their housing costs will continue to rise, because we have failed to build enough new homes for decades.
“Decisive action is required to help fix our dysfunctional housing market. Long-term problems like this require long-term, fundamental solutions. “