Bank urges households to contact homelessness charity as scale of crisis revealed
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Over 67 per cent of people with housing costs such as rent and mortgages in England have reported experiencing unforeseen pressures over the last year, a survey from HSBC and Shelter shows. The number of households struggling with housing costs continues to rise alongside ballooning rents, new figures reveal, as bank HSBC urges people to seek support from a key homelessness charity.
![[Housing pressures are taking a toll on the nation’s mental health]](https://static.independent.co.uk/2024/12/11/18/iStock-684134518.jpg)
Over 67 per cent of people with housing costs such as rent and mortgages in England have reported experiencing unforeseen pressures over the last year, statistics from HSBC and housing charity Shelter show. These included struggling to keep up with mortgage or rent payments, having to cut back on essentials, or even facing eviction fears for some.
![[Rents have skyrocketed in recent years]](https://static.independent.co.uk/2025/01/07/12/iStock-493078452.jpg)
This is taking a toll on the nation’s mental health, according to the YouGov survey of almost 6200 people, with over half of everyone with a housing issue saying they have been kept awake at night over the past year due to housing costs. Rents have skyrocketed over the past year, rising much faster than the rate of inflation. Analysis of ONS figures by the Joseph Rowntree Foundation shows that rent inflation has remained above 8 per cent for the last 16 consecutive months – with tenants paying £110 more on average than they were a year ago.
