Repossession Stories Making the News

Stop repossessions, say UK Government - The Move Channel

100 Mortgages
Stop repossessions, say UK Government
The Move Channel, UK - 23 Oct 2008
Official figures showed that actual repossessions rose to an eight-year high of 27000 last year, with sub-prime lenders bringing more than half of UK ...
UK government aims to spare landlords from repossessions Residential Landlords Assoc.
Repossessions must be a 'last resort' Times Online
Property market: Word on the street Telegraph.co.uk
all 34 news articles

Problems looming for buy-to-let - BBC News

MSN Money UK
Problems looming for buy-to-let
BBC News, UK - 17 Nov 2008
The credit ratings agency Standard & Poor's says that by June this year BTL mortgages had a repossession rate greater than ordinary home loans. ...
Buy to let warning issued by ratings agency Bridging and Commerical
Ratings agency issues BTL warning London Stock Exchange
PM, Mon 17th Nov - Buy to let landlords at risk of negative equity? Landlord Expert
all 18 news articles

What will happen to the property market? - Radio 1

Radio 1
What will happen to the property market?
Radio 1, UK - 20 hours ago
Kirstie - The people that worry me are the people who are being repossessed. That is the huge problem. Anyone who bought two years ago with a 95 or 100 per ...

Union Calls for Freeze on Repossessions - Money UK

Union Calls for Freeze on Repossessions
Money UK, UK - 17 Nov 2008
... charity St Mungo's revealed that 80 percent of people in the UK feel the government should be taking more action to halt the increase in repossessions. ...

Falling house prices could mean negative equity for landlords - Loans4

Falling house prices could mean negative equity for landlords
Loans4, UK - 19 hours ago
One credit industry group has released figures that show that by June of this year repossession levels on buy to let properties had overtaken repossession ...

Union's plan to kick-start economy - The Press Association

Union's plan to kick-start economy
The Press Association - 17 Nov 2008
Unite said workers needed to be protected from the "triple danger" of redundancy, house repossession and rising prices. In its submission to the Prime ...

Latest Repossessions Stopped

13th November 2008, Burnley County Court
Client had got into arrears of £3800 due to overspending and a drop in income. Judge suspended the repossession on repayment of £50 on top of the mortgage payment.

11th November 2008, Hastings County Court
Client went into arrears of £6500 due to their Guest House business struggling. Found further employment and judge suspended repossession with the client paying £190 on top of the mortgage.

17th October 2008, Birmingham County Court
Client was self employed and business was going through a bad patch, resulting in £7000 of mortgage arrears. Both client and wife got jobs and business started to pick up and the judge granted a suspended repossession paying £100 on top of the contractual monthly payment.

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