Friday, November 12, 2010

Families live in fear of losing home

More than half a million Scottish families are heading into winter weighed down by fears about keeping a roof over their heads, a new study has revealed.Research by Shelter showed thousands of people face serious problems trying to stay afloat.

The charity found that more than one in three homeowners are worried about keeping up mortgage payments, and one in six are already struggling to find the money each month.

“We know from the cases we see every day that it only takes one problem, like a bout of illness, or redundancy, to tip people over the edge and into a spiral of mounting debt and arrears.” Shelter Scotland director Graeme Brown said

One in every six mortgage holders across the UK was actively struggling to pay a mortgage.

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