Over 10,000 Brits at risk of losing their homes last year

More than 10,000 people who sought help from the Citizens Advice Bureau (CAB) last year were at risk of losing their homes, a new report reveals.

According to ft.com, the report from CAB shows the number of people afraid of losing their property last year increased by a quarter. Moreover, almost 87,000 individuals reported problems of social housing rent arrears; a rise of about a tenth compared with the previous year.

CAB believes that there are several reasons why Brits are struggling so much to keep up with their rent. Wage rises are still below inflation and there is a huge lack of affordable properties on the housing market. Welfare reforms haven't helped much either, such as benefit cuts for people with spare rooms – also known as the bedroom tax. In fact, a fifth of Brits who got hit by the bedroom tax at the end of last year were struggling to keep up with their rent.

Gillian Guy from CAB says in order to maintain demand the UK needs to build more affordable properties.

“The steep rise in arrears, possession orders and help with housing debt suggests thousands cannot make end meet and need help to keep a roof over their head,” she explains, reports itv.com.