More than half of low-income UK households with mortgages have fallen behind on one or more of their bills, highlighting the combined pressure of rising interest rates and rapid inflation on their finances, new research has shown.
A survey from the Joseph Rowntree Foundation charity showed a sharp increase in the share of less well-off mortgage holders who are in arrears on one or more of their household bills in October, with 58 per cent reporting difficulties, up from 49 per cent a year earlier.
More than half of those who were struggling found themselves in arrears with four or more household bills.
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