Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI Claims: People 'can not afford rent'

PPI claims could be needed as the tough economic climate means housing costs are reducing the amount of money people can spend on other essentials.

Individuals are now aware that getting on the property ladder is very difficult but news that families are now finding rent unaffordable is even more worrying, said Campbell Robb, chief executive of Shelter.

"With no cheaper alternative, ordinary people are forced to cut their spending on essentials like food and heating," he added.

Mr Robb was speaking after his charity revealed that 55 per cent of employed families can not afford rent payments.

Between 1997 and 2007 rents have increased at 1.5 times the rate of the average income and now 38 per cent of tenants with children are reducing the amount they spend on food to pay for their housing, the study found.

Shelter wants the government to take "urgent action" to steady the market.

Credit Action recently stated that in the UK a house is repossessed every 14.6 minutes.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-800758590-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide