Analysis from Joseph Rowntree Foundation also finds rents for new lets could rise sharply

Higher monthly home loan costs will pull another 400,000 people into poverty in the coming year as the fallout from dearer mortgage rates ricochets through the housing market.

The Joseph Rowntree Foundation (JRF) said an extra 120,000 households, the equivalent of 400,000 people, will be plunged into poverty when their current mortgage deal ends.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bulb bailout may cost UK government billions less than feared, says watchdog

National Audit Office estimates bill of £246m for saving energy supplier as…

Eighteenth-century cockroach found in slave-trading ship’s accounts

Insect’s journey probably began in West Africa on vessel that sailed from…

Award-winning fish & chip shop loved by celebrities is forced to suddenly close down – leaving customers devastated

AN AWARD-winning fish and chip shop, loved by celebrities, has been forced…

Owner of luxury chocolate brand Rococo faces legal row with her bank

Collapse: Chantal Coady built Rococo into a thriving business with five shops…