Warning that fuel poor older households will top a million by the Spring without financial help

New analysis by Age UK has shown that without more Government financial help, fuel poor older households will top a million by the Spring. The charity has warned that soaring energy costs will push an estimated 150,000 extra older households into fuel poverty this winter as a result of of soaring energy prices. With around…

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Mortgage arrears continue to fall to near historic lows

12th November 2021 Arrears and Recoveries | #arrears

Mortgage arrears continued to fall to near historic lows, with the government’s Coronavirus Job Retention Scheme remaining in place until September. according to the latest UK Finance statistics. Possessions meanwhile have slightly risen in absolute terms, off a low base, as the courts work through a backlog of cases that built up during the possessions…

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Millions of low-income households pulled under by arrears as living costs rise

21st October 2021 Arrears and Recoveries | #arrears

New research by the Joseph Rowntree Foundation (JRF) has found that a third of low-income households are unable to pay their bills, The research found that 3.8 million low-income households are behind on rent, bills or debt payments,  which is up threefold since the pandemic hit, revealing the growing cost of the living crisis facing…

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Bank of England issues warning over potential loan default rise

A Bank of England (BOE) survey of lenders suggests that more households are expected to have defaulted on mortgages and other loans by the end of November. The Bank’s credit conditions survey asks banks and building societies to detail the climate over the previous quarter and what they expect in the next three months. While…

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