A recent survey by consumer organization Which? has revealed that an estimated seven million households in the UK are facing difficulties in keeping up with their rent or mortgage payments. This alarming trend is driven by the increased cost of borrowing, as millions more households are set to remortgage at higher rates by the end of 2024.
The survey, which gathered responses from 4,000 people, found that nearly half (46%) of households with mortgages or those who are renting have been grappling with housing payment challenges. This equates to around seven million households across the UK.
