{"id":71540,"date":"2017-12-19T07:28:49","date_gmt":"2017-12-19T07:28:49","guid":{"rendered":"https:\/\/uk-bridgingfinance.co.uk\/?p=71540"},"modified":"2017-12-19T07:28:49","modified_gmt":"2017-12-19T07:28:49","slug":"rise-115-numbers-applying-short-term-loan-pay-mortgage-rent","status":"publish","type":"post","link":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/","title":{"rendered":"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent"},"content":{"rendered":"

THE number of people in the UK turning to short-term loans to cover their rent or mortgage has more than doubled, according to new statistics.<\/p>\n

In the past two years the number of people applying for short-term credit who said they needed help paying for their accommodation increased by 115 per cent.<\/p>\n

\n

New data from FCA authorised credit broker CashLady found the total number of people applying for loans has also nearly doubled since 2015, with a 93 per cent increase in volume.<\/p>\n

As well as the number of loan applications rising, the average loan amount requested by those struggling in the UK has increased by 45 per cent from \u00a3224 in 2015 to \u00a3325 this year. The statistics from CashLady come just weeks after the Financial Conduct Authority revealed that one in six people in the UK (17 per cent) would struggle to pay their mortgage or rent if it increased by just \u00a350.<\/p>\n

Earlier this month, the Bank of England\u2019s Monetary Policy Committee announced it would increase interest rates for the first time in ten years \u2014 from 0.25 per cent to 0.5 per cent.<\/p>\n

Figures also revealed that\u00a0NHS<\/a>\u00a0workers still top the list of employees who most require emergency financial help.<\/p>\n

They are followed by supermarket staff from Tesco, Asda and Sainsbury\u2019s. Struggling members of the armed forces also make up the top five workforces requesting loans.<\/p>\n

Managing director of CashLady, Chris Hackett, said being able to keep a roof over your head is \u201ca basic human right.\u201d<\/p>\n

He added: \u201cThese figures, uncomfortable as they are, lay bare the state of the nation as people are struggling to cover their rent or mortgage payments.<\/p>\n

\u201cWages for some of our most valuable members of society are just not high enough for them to manage basic living costs and they are regularly being forced to seek out short-term financial help.<\/p>\n

\u201cHousing expenditure is the largest monthly expense for our customers and they should be able to comfortably afford this before turning to emergency finance.<\/p>\n

\u201cWe act as a broker for short term credit to help our customers find financial assistance from FCA authorised credit providers instead of seeking out illegal or potentially dangerous alternatives.\u201d<\/p>\n

The CashLady figures have been released after Chancellor Philip Hammond was accused of leaving \u2018ordinary\u2019 Brits out of yesterday\u2019s budget, by failing to mention a wage boost for public sector workers, despite claiming to \u201csupport our key public services.\u201d<\/p>\n

Source:\u00a0The National <\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

THE number of people in the UK turning to short-term loans to cover their rent or mortgage has more than doubled, according to new statistics. In the past two years the number of people applying for short-term credit who said they needed help paying for their accommodation increased by 115 per cent. New data from […]<\/p>\n","protected":false},"author":2,"featured_media":71541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[119],"tags":[138,147,120,80],"acf":[],"yoast_head":"\nRise of 115% in numbers applying for a short-term loan to pay their mortgage of rent -<\/title>\n<meta name=\"description\" content=\"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent\" \/>\n<meta property=\"og:description\" content=\"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-19T07:28:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/uk-bridgingfinance.co.uk\/wp-content\/uploads\/2017\/12\/loan-149873_960_720.png?fit=708%2C720&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"708\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Marketing\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cfnuk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/\",\"url\":\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/\",\"name\":\"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent -\",\"isPartOf\":{\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#website\"},\"datePublished\":\"2017-12-19T07:28:49+00:00\",\"dateModified\":\"2017-12-19T07:28:49+00:00\",\"author\":{\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/4ad44e227ba4b531648677ea18f1698b\"},\"description\":\"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.\",\"breadcrumb\":{\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uk-bridgingfinance.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#website\",\"url\":\"https:\/\/uk-bridgingfinance.co.uk\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uk-bridgingfinance.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/4ad44e227ba4b531648677ea18f1698b\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f0a923ad3c69d65325efb89b92bf2465?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f0a923ad3c69d65325efb89b92bf2465?s=96&d=mm&r=g\",\"caption\":\"Marketing\"},\"sameAs\":[\"https:\/\/twitter.com\/cfnuk\"],\"url\":\"https:\/\/uk-bridgingfinance.co.uk\/author\/cfnukadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent -","description":"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/","og_locale":"en_GB","og_type":"article","og_title":"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent","og_description":"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.","og_url":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/","article_published_time":"2017-12-19T07:28:49+00:00","og_image":[{"width":708,"height":720,"url":"https:\/\/i0.wp.com\/uk-bridgingfinance.co.uk\/wp-content\/uploads\/2017\/12\/loan-149873_960_720.png?fit=708%2C720&ssl=1","type":"image\/png"}],"author":"Marketing","twitter_card":"summary_large_image","twitter_creator":"@cfnuk","twitter_misc":{"Written by":"Marketing","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/","url":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/","name":"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent -","isPartOf":{"@id":"https:\/\/uk-bridgingfinance.co.uk\/#website"},"datePublished":"2017-12-19T07:28:49+00:00","dateModified":"2017-12-19T07:28:49+00:00","author":{"@id":"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/4ad44e227ba4b531648677ea18f1698b"},"description":"THE number of people in the UK turning to a short-term loan to cover their rent or mortgage has more than doubled, according to new statistics.","breadcrumb":{"@id":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/uk-bridgingfinance.co.uk\/rise-115-numbers-applying-short-term-loan-pay-mortgage-rent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uk-bridgingfinance.co.uk\/"},{"@type":"ListItem","position":2,"name":"Rise of 115% in numbers applying for a short-term loan to pay their mortgage of rent"}]},{"@type":"WebSite","@id":"https:\/\/uk-bridgingfinance.co.uk\/#website","url":"https:\/\/uk-bridgingfinance.co.uk\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uk-bridgingfinance.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/4ad44e227ba4b531648677ea18f1698b","name":"Marketing","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/uk-bridgingfinance.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f0a923ad3c69d65325efb89b92bf2465?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f0a923ad3c69d65325efb89b92bf2465?s=96&d=mm&r=g","caption":"Marketing"},"sameAs":["https:\/\/twitter.com\/cfnuk"],"url":"https:\/\/uk-bridgingfinance.co.uk\/author\/cfnukadmin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/uk-bridgingfinance.co.uk\/wp-content\/uploads\/2017\/12\/loan-149873_960_720.png?fit=708%2C720&ssl=1","_links":{"self":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/posts\/71540"}],"collection":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/comments?post=71540"}],"version-history":[{"count":1,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/posts\/71540\/revisions"}],"predecessor-version":[{"id":71542,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/posts\/71540\/revisions\/71542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/media\/71541"}],"wp:attachment":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/media?parent=71540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/categories?post=71540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/tags?post=71540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}