Over 1m use credit cards to pay mortgage or rent

clock

More than one million householders in the UK have used credit cards to pay their mortgage or rent in the past 12 months, according to a survey by homeless charity Shelter.

The YouGov poll revealed the highest proportion of those who pay their rent or mortgage by credit card were from working class professions (8%). However, it revealed those from the middle and upper classes are also doing so, with 4% of respondents from the ABC1 social category reporting they use credit cards in this way. Those living in the capital were most liable to use plastic to pay their mortgage or rent; with 1 in 12 Londoners using credit cards to do so. Although the financially savvy might use credit cards to pay rent or mortgages to take advantage of air miles and other perks...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Asset management M&A activity fails to deliver 'meaningful profitability improvements'

Asset management M&A activity fails to deliver 'meaningful profitability improvements'

M&A strategy not necessarily a winner

clock 06 May 2025 • 1 min read
Scottish tech firm takes control of Marlborough's IFA platform to drive 'next-gen wealth infrastructure'

Scottish tech firm takes control of Marlborough's IFA platform to drive 'next-gen wealth infrastructure'

The Marlborough Select Platform caters to advisers and their clients

Sahar Nazir
clock 06 May 2025 • 1 min read
Origo rolls out whole-of-market ULoA to 'streamline' advisers' LoA requests

Origo rolls out whole-of-market ULoA to 'streamline' advisers' LoA requests

Developed following industry feedback

Isabel Baxter
clock 06 May 2025 • 2 min read