Thousands are struggling with mortgages claims charity
February 2, 2008 by admin
Filed under News, News-Mortgages
Homeless charity Shelter has called for the government to do more to assist homeowners struggling to meet mortgage repayments after it revealed the number of calls it received had risen by 700 per cent. 
The charity said that calls from concerned homeowners had leapt from 10,000 to 80,000 over the past 12 months.
Adam Sampson, the charity’s chief executive, said: “Shelter has seen a massive increase in people coming to us with mortgage problems, and with repossessions set to rise throughout this year we simply haven’t got the resources to help everyone.”
He added that the government needs to work with the Financial Services Authority to repair the “broken state safety net” to ensure that if people do face difficulty there is somewhere to turn for advice.
In its ‘Mortgage and Repossessions’ report Shelter also calls for new guidance to be supplied to judges in county courts so that a tougher line is taken against mortgage lenders who treat customers unfairly.
The recommendations from Shelter come after the FSA warned that as many as one million homeowners could face repossession as the economy slows down.
