THOUSANDS of people are in danger of losing their homes in the credit crunch, a politician has warned.
Kevin Hollinrake, Conservative Parliamentary candidate for Dewsbury, said 13,000 households in the constituency are at risk.
Mr Hollinrake, a York-based estate agent, added that 16,000 homeowners in Huddersfield are struggling with debt.
He said: “This year 1.4 million mortgages will come to the end of their fixed-rate periods. As interest rates are higher now than they were two years ago, this could add £200 to the average monthly mortgage bill.”
Mr Hollinrake called on mortgage lenders to help out.
He said: “With many households facing soaring bills as their fixed rates come to an end, mortgage lenders should do more to help homeowners with the soaring cost of living.
“Thousands of families across Dewsbury and Huddersfield are now exposed to the possibility of losing their home.”
Mr Hollinrake added that Labour is to blame for the current situation.
He said: “Under Gordon Brown, our economy is built on debt. Labour’s record is one of economic incompetence.”