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Debt support lifts homeowners out of precarious positions

Outstanding mortgage payments, council tax arrears and energy debts are combining to place Somerset homeowners in ‘precarious’ situations, according to a leading advice charity working in the area.

The team at Navigate Charity work in the South West to provide specialist one to one support for people experiencing social isolation and financial hardship.

They say they’re dealing with an increasing number of homeowners who are struggling to maintain their mortgage as other cost-of-living pressures rise.

According to the charity’s latest figures, there was a 51% increase in the total value of debt being presented by homeowning clients in Somerset last year, with specific debts linked to overdrafts, credit cards, family borrowing, electricity debt and water arrears all contributing.

When looking specifically at energy debt, their clients... Read more