Home owners hanging on to homes by skin of their teeth

The number of people struggling to pay their mortgage has surged by 78% over the past year, says housing charity Shelter.

A YouGov survey of over 2,000 Britons for Shelter reveals three million mortgage holders across the country, or one in six, are struggling to pay their mortgage.

The 18% of home owners now constantly struggling is in stark contrast to just 10% of people who said they were constantly strugg-ling this time last year.

Shelter chief executive Campbell Robb says thousands of home owners are hanging on to their homes by the skin of their teeth.

He says: “With potential interest rate rises, higher unemployment and increases in food and fuel bills on the horizon, it seems unlikely things are about to get easier for home owners.

“With so many in serious difficulty, the pressure could become too much and unless we take urgent action we may face a sudden surge of people at risk of losing their home in the coming months.”