Repossession Stories Making the News

Repossession Confronts Many Homeowners in Tough Economy, Sell House Fast - Quick Cash for Properties (blog)


Mortgage News

Repossession Confronts Many Homeowners in Tough Economy, Sell House Fast
Quick Cash for Properties (blog)
Repossession is something no homeowner wants to face. When mortgages go unpaid for months in a row, lenders have the right to take the houses into bank possession. For many people in the UK, home repossession has become an unfortunate new reality.
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Shelter backs CML's call for SMI to be paid at individual mortgage ratesMortgage Strategy

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UK repossessions set to soar over EU clause - The Way


The Way

UK repossessions set to soar over EU clause
The Way
British lenders will be forced to start repossession proceedings when borrowers fall behind on their payments after three months rather than six as at present. Thousands more people will have to hand over the keys to their properties if the change ...
EU clause could lead to repossessions riseStop-Repossessions.co.uk

all 2 news articles »

Repossession figures paint inaccurate picture - Stop-Repossessions.co.uk


Repossession figures paint inaccurate picture
Stop-Repossessions.co.uk
Repossession figures reported by Metro paint an inaccurate picture of the current situation in the UK, it has been claimed. Housing minister Grant Shapps noted the article - which suggested such instances reached their highest levels since 2009 in the ...

Repossession still a major problem - ClearDebt


Repossession still a major problem
ClearDebt
by News Team on February 2nd, 2012 Large numbers of UK householders still face a very real threat of repossession, new figures have indicated. The February digest of statistics from Credit Action has shown the level of mortgage debt owed by each ...

Repossessions set to soar as obscure EU clause means those in arrears for just ... - Daily Mail


Daily Mail

Repossessions set to soar as obscure EU clause means those in arrears for just ...
Daily Mail
British lenders will be forced to start repossession proceedings when borrowers fall behind on their payments after three months rather than six as at present. Thousands more people will have to hand over the keys to their properties if the change ...

and more »

WALTHAMSTOW: Couple face wait to evict squatters - East London and West Essex Guardian Series


WALTHAMSTOW: Couple face wait to evict squatters
East London and West Essex Guardian Series
A court granted a repossession notice to Janice Mason, 49, and husband Dave, 48, on Friday (February 3). But due to a high demand for bailiffs due to a rise in so-called home invasions, the couple have been told they may have to wait up to five weeks ...

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Latest Repossessions Stopped

4th November 2009, Aylesbury County Court
Client had fallen into arrears of £7000 due to ill health of husband. Now both partners back earning a full wage the judge suspended the order with a payment of £200 on top of the mortgage payment.

2nd November 2009, Bow County Court
Client had fallen into arrears of £14,780 due to financial trouble with his own business. Now with the business back up and running and generating income the Judge suspended the warrant with the client paying £150 on top of the contractual payments.

21st October 2009, Colchester County Court
Client fell into arrears of £6000 due to previous employer not paying wages. Now in a new more secure job the judge suspended the warrant with the client paying contractual mortgage payments plus £100.

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