Scottish homeowners have desperately sought help after repossession evictions went up 341%.
The mortgage crisis is driving demand for online advice, Citizens AdviceThis saw advice for those who are homeless, or at risk of homelessness attract its highest ever numbers in May 2023, and was up by 30% from May 2022.
It comes after the Bank of England increased interest rates to 5 per cent this week, the highest rate in 15 years and the 13th rate rise in a row since December 2021.This has left many struggling, including a former NHS nurse living with a brain injury. The woman had to quit her job due to illness triggered by the brain injury, resulting in her relying on Universal Credit, Personal Independence Payments, and an occupational pension as her sources of income.
Selling the property, repaying the mortgage, loan, and arrears, and seeking alternative accommodation was also suggested.After careful consideration, the client determined that a successful application for Support for Mortgage Interest would be her best option to manage repayments and improve her financial situation.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DWP says some £150 disability cost of living payments could be delayedDWP says some £150 disability cost of living payments will be made AFTER payment window ends
Read more »
Retired Scots golfer says Prince Andrew 'insulted Scotland' after defying rulesJohn Ince's father held the Baronetcy of Watson of Earnock - but was unable to claim the title as his parents were not married.
Read more »
First picture of biker who died in horror crash on busy Scots roadAndrew Jowett was riding his motorcycle on the A82 north of Luss, when it collided with a white Skoda Scala on Tuesday, June 13.
Read more »
Man arrested after car found perched on roundabout in Scots townOfficers were called to Scotts Street in Annan in the early hours of Wednesday May 17, following reports of the vehicle being abandoned on the roundabout.
Read more »
Concern grows for man missing from Scots town since Saturday afternoonPolice are appealing for help to trace a man who disappeared from a Scottish town on Saturday afternoon
Read more »
Scots owl spotted splashing in bath to cool down her babies as temperatures soarA smart Scottish owl has been taking baths to cool down her baby in the recent heatwave
Read more »