Commenting on today’s [Thursday] Shelter report which reveals that the proportion of household income spent on mortgage repayments has doubled since 1997, Liberal Democrat Shadow Housing Minister, Lembit Öpik said:

"The Government needs to explain how it will support the families who have stretched themselves to buy a home and are now faced with sky-high mortgage repayments and the threat of negative equity.

"Without support, tens of thousands of families face repossession this year. How much more evidence does the Government need before they admit that there’s a problem? They are turning self-delusion into a science."