The British are in trouble: half a million have already slipped due to the coronavirus with their home loans or rent


A total of 750,000 families have overdue rent or mortgage arrears in the UK, 450,000 of whom have been in such a situation directly as a result of the pandemic, according to a resolution-think think tank surveyed by 6,000 British adults of working age.

Lindsay Judge, the company’s director of analysis, says Britain is facing a widening pay crisis that could only get worse without significant government intervention. The situation is especially bad for tenants, as 22% of them were affected by the epidemic without saving. For homeowners with a mortgage, the rate is half that.

One-tenth of those in the social housing rental system, 6% of those renting apartments in the market, and 2% of homeowners with mortgages had delays last month. Their total number is nearly 750,000, of which 300,000 have dependent children.

Only 3% of market tenants have received relief from their landlord in the last 10 months. Over the weekend, the British government extended the eviction moratorium in England so that most of them are protected until the end of March, however, this does not apply to those who roll over a delay of more than 6 months.

The authors of the report are calling for effective protection for those in need, including by setting up a fund to help them.

Cover image: Shutterstock


Source: Portfolio.hu – Bank by www.portfolio.hu.

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