More than five million home owners will be unable to afford a rise in interest rates and will be in danger of being evicted from their homes, charities have warned.

Despite repossessions falling slightly at the start of the year, charities and housing experts warned home owners remained vulnerable to a rise in
interest rates which would put additional pressure on their finances.

Research suggested as many as one third of home owners would not be able to afford a rise in their household budgets.

Campbell Robb, chief executive of Shelter, said: Some 5.4million mortgage holders havent even thought about how they will pay their mortgage if
interest rates go up. We know for a significant number of people, just
keeping on top of their current mortgage repayments is a constant
struggle. http://uk.finance.yahoo.com/news/five-million-home-owners-unable-to...