THE number of people seeking advice about repossession evictions has increased three-fold in the last year, according to Citizens Advice Scotland (CAS).
The charity said views of its page providing advice to those facing eviction because of their home being repossessed have rocketed by 341% since May last year.
Statistics for May this year also indicated more people are turning to its online mortgage calculator with unique page views more than 20 times higher than they were last May.
Pages providing advice for those who are homeless or at risk of being on the streets attracted their highest ever number of views last month, with the figure up 30% on May 2022.
Meanwhile, views of advice around a lender trying to repossess a home was up by 103% last month compared to last year, and reached its highest ever point in May 2023.
READ MORE: Oxfam: UK aid going towards exploitative hospitals
It comes after the average two-year fixed mortgage rate hit 6% last week as interest rates were upped to their highest level for 15 years.
CAS said lots of people, through no fault of their own, had fallen into debt because of food and energy prices along with soaring monthly mortgage costs.
David Hilferty, CAS social justice spokesperson, said the number seeking advice on evictions from repossession is “really concerning”.
He said: “Lots of people on variable rate mortgages are facing higher monthly payments. Meanwhile, lots of people with fixed rate deals that will expire soon are understandably concerned about how much more they could pay and trying to budget for different payments.
“On that basis we are seeing a surge in demand for our online mortgage calculator, as well as other aspects of housing advice. Pages offering advice to people facing homelessness, repossession actions from their lenders, or eviction from their home once it has been repossessed have all seen big increases.
“People facing an increase in their monthly mortgage costs are also seeing high costs elsewhere. None of this is happening in a vacuum, many people will prioritise paying their mortgage but increasing demand for advice around repossessions and evictions is really concerning.
“Lots of people, through no fault of their own, have fallen into debt to simply keep up with essential bills like food, shelter, and energy. People taking on new debt on these circumstances could see that line of credit cost even more. It becomes a vicious cycle, trapping people in rising debt.
“There’s also the cumulative impact here – this was the 13th interest rates increase in a row since December 2021 and inflation has been high through that period too – that really grinds down people’s financial resilience.”
Hilferty added people should seek advice from CAS if they are concerned about their finances.
“People who are worried about their bills should know that free, impartial and confidential advice from the Citizens Advice network is available.
“Last year one in six people who sought advice from the CAB network saw some type of financial gain, the average value of which was over £4200. That money could make a huge difference to people during this crisis.”
Cases CAS has been dealing with in recent months include a disabled man whose monthly tracker mortgage payments had gone up £110 a month and an NHS nurse with a brain injury whose mortgage payments increased from £400 a month to £707.
The nurse had to quit her job due to illness triggered by the injury, resulting in her relying on Universal Credit, Personal Independence Payments and an occupational pension.
If you are struggling with your finances, visit the CAS website here for support.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here