New figures show hundreds of people who either had a mortgage or were renting in Oldham were at risk of losing their homes last year with some even having their property repossessed.

A charity has warned the ongoing cost-of-living crisis coupled with high mortgage costs are putting people in danger of becoming homeless. 

The figures from the Ministry of Justice show 90 mortgage possession claims were made in Oldham in the year to March, 13 of which led to a property being repossessed by a bailiff. 

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To compare, in 2022-23 there were 83 claims which led to 22 homes being repossessed.

If a possession claim is successful, the defendant is ordered to leave the property.

If they do not come to an agreement with the claimant, they can be evicted, leading to a repossession.

The figures further paint a bleak picture for renters who are also suffering, with as many as 496 landlords in Oldham making claims in the year to March with 126 resulting in repossession.

This was up from 2022-23 when there were 400 claims made in the renting sector.

The problem is not unique to Oldham either as the stats show in the first quarter of 2024, there were 5,182 mortgage possession claims made across England and Wales - a 28 per cent increase from 4,035 a year earlier.

Mortgage rates remain at high levels since surging in late 2021, though some rates have been cut in recent months.

In renting, there was a six per cent increase in landlord claims over the same period across the country.

Law Society president Nick Emmerson said: "We are concerned about the number of people who are at risk of becoming homeless.

"With the cost-of-living crisis and high interest rates, many are struggling with rent and mortgage payments and are at risk of losing their homes."

He cautioned legal aid is the only hope for many, but "remains out of reach", with more law firms no longer offering advice.

StepChange is a charity that offers advice and support for those in arrears with their mortgage or rent.

Policy manager Jonathan Chesterman said: "Rent or mortgage payments are priority bills, so if you are in arrears with these payments, they should always be addressed before any consumer credit debt."

He said it's "really important" to let your lender or landlord know as early as possible if you fear you might fall behind on payments.

"Mortgage lenders have a regulatory responsibility to treat borrowers fairly, offering support and forbearance for people who are in difficulty," he added.

A Treasury spokesperson also said: "Interest rates are high across the developed world as economies work to tackle high inflation and the UK is no different.

"While it is welcome news that we have met the pledge to halve inflation, we know many people are continuing to struggle.

"Anyone struggling with their mortgages should contact their lender, and where relevant, consider the flexibilities in our Mortgage Charter, which can make it easier to manage monthly repayments and gives extra protections against repossessions."

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