repossessions

Watchdog cracks down on repossessions

Rebecca Atkinson — Fri, 28 Nov 2008 13:10:09 +0000

Mortgage lenders have been given a deadline to ensure homeowners facing repossession are treated as fairly as possible.

Ten ways to deal with repossession

Rebecca Atkinson — Fri, 21 Nov 2008 12:44:59 +0000

Official figures show that repossessions have jumped by 12% in the past year as more people struggle to cope with their mortgage repayments.

If this is the situation facing you, your family or anyone you know, then it is important to understand that mortgage lenders see repossession as a last resort, and will want to avoid it at all costs.

Mortgage squeeze forces homeowners to sell

Rebecca Atkinson — Fri, 21 Nov 2008 10:01:31 +0000

The number of homes being repossessed rose by 12% in the third quarter of the year, official figures have shown.

Is this the next big mis-selling scandal?

Rebecca Atkinson — Mon, 03 Nov 2008 15:35:36 +0000

Sale and rent back schemes are increasingly being touted as the solution for desperate homeowners who are struggling with their mortgage repayments. The concept is simple: an investor offers to buy the property while allowing the former owners to stay on as paying tenants.

What rights do renters have against repossession?

Rebecca Atkinson — Thu, 30 Oct 2008 17:07:11 +0000

A decade of soaring house prices has priced many people off the property ladder, and the current credit crunch and lack of mortgage credit means increasing numbers of people are opting to rent rather than buy.

Home repossessions up 71%

Rebecca Atkinson — Tue, 28 Oct 2008 11:02:14 +0000

The number of people losing their homes because they are unable to keep up with payments has risen sharply, with a 71% increase in possessions since last year.

New laws to protect homeowners

Rebecca Atkinson — Thu, 23 Oct 2008 10:44:01 +0100

Gordon Brown has pledged new measures to help people avoid losing their homes as Britain heads towards a recession.

Under new rules that come into force on 19 November, mortgage lenders on the verge of repossessing a property will have to demonstrate to the courts that they have explored all other options before they are given the green light.

New laws to increase repossessions

Rebecca Atkinson — Mon, 15 Sep 2008 15:57:18 +0100

New laws are being considered that will make it easier for lenders to force homeowners to sell their homes if they fall behind on credit card or car loan payments.

Little surprise in arrears and repossession numbers

Chris Thomas — Fri, 08 Aug 2008 11:21:32 +0100

The latest data from the Council of Mortgage Lenders (CML) shows that, despite the slowing economy, the majority of homeowners continue to meet their full mortgage repayments every month.

Rising number of borrowers at risk of repossession

Rebecca Atkinson — Fri, 09 May 2008 10:17:39 +0100

The number of borrowers at risk of having their homes repossessed has soared in the past year with 38,688 possession claims made in the first three months of 2008 alone.

Official government figures show that possession claims made by banks in the first quarter of 2008 were up 7% from the previous quarter and 16% from the same period last year.

They also show that the number of possession orders issued by the Country Courts has risen by 17% from 2007 to 27,530.

Possession claims are made by mortgage lenders when a borrower fails to meet their repayments for a certain period of time. Possession orders are those granted by the courts for the lender to evict the borrower and take the property into their possession.