The financial crisis put a stop on a 100 per cent mortgages now many banks and building societies are demanding a deposit of a quarter of the purchase price of a home. Many, especially first time buyers are unable to raise such high deposits. Even the current low interest payments is of little help if access to the market is denied to those seeking homes.
Apart from the undesirable social effects of homelessness itself, it also adds to the headache of local councils. Councils have a statutory duty towards the homeless. An increase in the number of homeless people will inevitably mean a greater expenditure by local authorities in this area. More spent in one area means less in another. So 'non' essential services will suffer even greater cuts. So forget that new library or evening class or street flowers, they will be the first to go.