A third of all working families are just one pay cheque away from losing their homes, research reveals today.

Cash-strapped households are so “stretched to breaking point” that one in three could not afford their rent or mortgage for more than a month if they lost their job.

The Guardian Hilary Osborne

Home ownership in England has fallen to 64% of households, the lowest since 1986, according to Resolution Foundation. Home ownership in England reached a peak in 2003, when 71% of household owned their home. The numbers began to drop as properties became less affordable and continued to fall after the housing market crashed after the credit crunch in 2008. Since then, levels of private renting almost doubled, from 11% to 19%.

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