One in three ‘have mort­gage fears’

Yorkshire Post - Property - - PROPERTY -

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. “

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