More mortgage-holders in Preston risked losing their homes last year, new figures show.
A charity has warned the cost-of-living crisis and high mortgage costs are putting people in danger of becoming homeless. Figures from the Ministry of Justice show 62 mortgage possession claims were made in Preston in the year to March – 12 of which led to a property being repossessed by a bailiff. For comparison, in 2022-23 there were 50 claims, leading to nine homes being repossessed. If a claim is successful, the defendant will be ordered to leave the property.
'With the cost-of-living crisis and high interest rates, many are struggling with rent and mortgage payments and are at risk of losing their homes.' He cautioned legal aid is the only hope for many, but 'remains out of reach', with more law firms no longer offering advice. StepChange is a charity that offers advice and support for those in arrears with their mortgage or rent.
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