The Government must keep funding for debt advice services to help the thousands of families at risk of arrears and repossession, the respected housing charity Shelter has urged.
Responding to new Council of Mortgage Lenders figures out this week, showing there were 9,400 repossessions between April and June 2010, Kay Boycott, Shelter’s director of communications, policy and campaigns declared: "Even though repossessions have dropped slightly over the last year, we must not forget that they are still exceptionally high, with thousands of families going through the nightmare of losing their home."
She continued: "With big threats on the horizon - interest rate rises, public sector unemployment, negative equity as a result of falling house prices – any one of these factors could cause people to fall into a dangerous spiral of debt, arrears and ultimately homelessness."
"While Shelter’s advisers will be here to help whoever’s next, it is vital that the Government plays its part too. With advice being so crucial to keeping people in their homes we urge the Government to keep funding for debt advice services in the upcoming Comprehensive Spending Review," said Boycott.