More families face losing their homes
A GROWING number
of families in the
south face losing
their homes as the
credit crunch pushes
up mortgage payments,
new figures
have revealed.
Records published by the
Ministry of Justice show
mortgage providers started
legal action against 1,043
households in Hampshire and
the Isle of Wight in the first
three months of this year - a
nine per cent increase on the
number of repossession
claims made during the same
period last year.
They included 251 at
Southampton County Court (up
one per cent), 30 in Winchester
(up 76 per cent) and 77 on the
Isle of Wight (up 28 per cent).
The number of repossession
orders granted by the
Southampton court in the
first quarter of this year was
192 - up four per cent on last
year. In Winchester the number
of orders remained at 13.
Nationally, repossession
claims rose by 16 per cent to
40,442 in the first three
months of this year.
The figures came as the
Government announced a
£10m package of measures to
support homeowners facing
difficulties with their mortgage,
including expanded
access to free legal representation
at county courts for
households at risk of repossession
and funding for more
specialist training on debt
advice for Citizen Advice
Bureau and local authorities.
Chancellor Alistair Darling
said: "The fundamentals of
the housing market remain
strong with high employment
and low interest rates. But it
is clear from speaking to consumer
groups and the mortgage
industry that borrowers
may be concerned about the
impact of the current market
conditions.
"That is why it is vital that
the Government, working
with industry, offers as much
support as possible both
directly to those people and to
the consumer advice groups
who can help them."
Shadow Housing Minister
Grant Shapps said: "We called
on the Government to provide
greater debt advice more than
18 months ago and in the last
three months David Cameron
has urged mortgage lenders
to warn borrowers when
cheap rates were coming to an
end and to consider staggering
rate rises.
"While we welcome the
Government belatedly getting
on board, it's too little too
late and does nothing to help
the 27,000 families who have
already experienced repossession."
Lesley Rose, of Winchester
Citizens Advice Bureau
(CAB), told the Daily Echo:
"We are aware of an increase
in the number of repossessions
going to court and are
getting an increasing number
of inquiries concerning debt."
11:38am Saturday 10th May 2008
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CommentPosted by: vanessa, eastleigh on 1:25pm Sat 10 May 08
Being a houseowner through the keyworker scheme i feel that the Banks and Building societys are too big to care these days and they are fully aware that if you have a property through the keyworker scheme you cant IVA your debt because technically you have equity in your property even though you cant touch it,the goverment should right off all keyworker loans and allow the little people to get above the bread line and not be struggling all there lives!! We just about get by with a minus in our accounts every month,how about they think about all the families they could keep together by doing this (i would be better off seperated from my partner financially??)
Being a houseowner through the keyworker scheme i feel that the Banks and Building societys are too big to care these days and they are fully aware that if you have a property through the keyworker scheme you cant IVA your debt because technically you have equity in your property even though you cant touch it,the goverment should right off all keyworker loans and allow the little people to get above the bread line and not be struggling all there lives!! We just about get by with a minus in our accounts every month,how about they think about all the families they could keep together by doing this (i would be better off seperated from my partner financially??)
Posted by: mr x on 3:26pm Sat 10 May 08
fuel prices up 80%. gas electric up 30% ect ect.then the mortgage goes up. the only thing that doesn't go up is people wages unless your a city banker of course.
fuel prices up 80%. gas electric up 30% ect ect.then the mortgage goes up. the only thing that doesn't go up is people wages unless your a city banker of course.
Posted by: paul b on 5:15pm Sat 10 May 08
These dregs of society are a complete burden. Either get better-paid jobs, or sod off to another country, you bunch of self-pitying scroungers
These dregs of society are a complete burden. Either get better-paid jobs, or sod off to another country, you bunch of self-pitying scroungers
Posted by: Ian, Eastleigh on 10:08pm Sat 10 May 08
Paul b must be a city banker.unfortunatly my profession has recived below inflation pay awards for the last few years and it would seem that this will not change uless we get a new goverment! Protecting the public is and will always be underpayed.[bold][italic]how safe would you be without us Mr banker[/italic] [/bold] ?
Paul b must be a city banker.unfortunatly my profession has recived below inflation pay awards for the last few years and it would seem that this will not change uless we get a new goverment! Protecting the public is and will always be underpayed.
how safe would you be without us Mr banker ?
Posted by: Tony, Sholing on 10:47pm Sat 10 May 08
[quote][bold]Ian[/bold] wrote:
Paul b must be a city banker.unfortunatly my profession has recived below inflation pay awards for the last few years and it would seem that this will not change uless we get a new goverment! Protecting the public is and will always be underpayed.[bold][italic]how safe would you be without us Mr banker[/italic] [/bold] ?[/quote] I reckon the arrogant b**tard is just something that rhymes with banker!! This is what you get when the tories get a sniff of power![italic]italic[/italic]
Ian wrote:
Paul b must be a city banker.unfortunatly my profession has recived below inflation pay awards for the last few years and it would seem that this will not change uless we get a new goverment! Protecting the public is and will always be underpayed.how safe would you be without us Mr banker ?
I reckon the arrogant b**tard is just something that rhymes with banker!! This is what you get when the tories get a sniff of power!
Posted by: Stu, Eastleigh on 10:59pm Sat 10 May 08
We lost our home in 1991 after the last property crash and it followed us until 2006 when we finally paid off the deficit. Our new mortgage taken out in 2006 is fixed for 10 years which is a relief, but Vanessa, you say you can't IVA your debt, I think you can, try www.mccambridgeduffy
.co.uk
We're self employed and McCambridge Duffy saved our home, business and sanity. Good luck to you and anyone is a similar situation.
We lost our home in 1991 after the last property crash and it followed us until 2006 when we finally paid off the deficit. Our new mortgage taken out in 2006 is fixed for 10 years which is a relief, but Vanessa, you say you can't IVA your debt, I think you can, try www.mccambridgeduffy
.co.uk
We're self employed and McCambridge Duffy saved our home, business and sanity. Good luck to you and anyone is a similar situation.
Posted by: helhod, canarys on 11:16am Sun 11 May 08
due to all immigrants moving into social housing no one else stands a chance of being rehoused.
due to all immigrants moving into social housing no one else stands a chance of being rehoused.
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