Dry summer could require debt management

Homeowners may find themselves seeking debt solutions this summer, if they have to pay out thousands to fix subsidence problems in their homes caused by dry weather.

The warning comes from insurance provider M&S Money, after the Met Office said that the average rainfall for the first half of the year was the lowest ever recorded.

Thousands of pounds of debt could be built up by uninsured homeowners whose homes are on clay soil. People in these areas are particularly at risk as nearby greenery sucks any remaining water out of the ground and makes it unstable.

Andrew Ferguson from M&S Money warns that "the outlook for this summer is currently predicted to be 27% drier than average, so it looks like we have the conditions for subsidence losses."

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