More than three million households in the UK could miss their rent or mortgage payments in January.
This is according to Shelter, which suggests that as many as 60 per cent of UK householders are struggling with the cost of housing.
The charity’s research suggests that one in nine are concerned that they may not be able to make their January payments.
Shelter also said that the number of visits to their website concerning eviction, repossession, and arrears had increased significantly in the past few months.
Helpline advisor Nadeem Khan said: “Many people have spent a long time thinking they have nowhere to turn and are often close to breaking point by the time they come to us. If you’re in this situation, it’s so important to remember you’re not alone, and that help is available.”
The number of bailiff repossessions reached its highest during the third quarter of last year since records began, while evictions hit a record high during the autumn.
Shelter warn that a rate rise could cause another spike in tenants’ and homeowners’ financial concerns. However, some analysts have suggested that a hike in the base rate could be further off following today’s announcement that inflation has fallen to a joint record low.