This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
ABOUT 80 per cent of mortgage owners and renters are worried about housing costs amid the looming threat of rising interest rates this month, according to a poll.
Which? Consumer Insight Tracker found 79 per cent of mortgage owners and 81 per cent of renters are worried about housing costs, the highest level since the survey began in 2013.
There has been a steady increase in housing cost concern among renters over the past two years, with 62 per cent saying in August 2021 they had concerns.
Worries about housing costs have risen even faster for mortgage holders due to high interest rates, from around half before December 2021 when hikes began.
Some 2.2 million households missed or defaulted on an essential payment such as a housing, bill, loan or credit card payment in the month to August 10.
Which? director of policy and advocacy Rocio Concha said: “These record levels of worry about housing costs and the looming threat of higher interest rates later this month shows that for many people, the cost-of-living crisis is far from over.”
