The union is now dealing with 33 cases of sever debt, including eight repossessions on average every month. This is an increase of 23 per cent on the same period last year.
Many nurses who took out 100 per cent mortgages are finding it difficult to secure new mortgage deals, and struggling to keep up as their fixed rate deals switch to higher variable rates, the union warned.
Student nurses, meanwhile, are struggling to meet rising household costs, it said.
RCN chief executive and general secretary Dr Peter Carter said: ‘The current financial climate is touch for everyone. But the RCN is particularly concerned that hard-working public sector workers are finding things so tough that they are unable to keep up with their mortgage payments.'
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