Posts Tagged ‘House Repossession Statistics’

December 19th, 2008

Most people say that house repossession is increasing at an alarming rate. However it can be difficult to get a true perspective of how big the problem is.
In 2008 it is predicted that 43,000 people will have their homes repossessed.
In 2009 house repossession are predicted to increase to 75,000, that is almost an 80% increase  [...]

November 24th, 2008

Mortgage Arreaes
Many UK home owners are falling behind on their mortgage repayments through no fault of their own. This can be a really worrying time for families as the family home is one of their most treasured possessions.
The main reasons for mortgage arrears include:

Losing job.
Falling into negative equity because of declining house prices. Hence the [...]

November 20th, 2008

The latest government report on house repossession for Q2 2008 was published 15 August 2008.
No surprise that there has been a marked increase throughout the UK.
• The figures report how many possession proceedings have been issued, and how many orders for possession have been made by the county courts.
• Since many of the orders made [...]

November 20th, 2008

House repossession statistics
UK house repossession statistics – the shocking truth
In this country property is currently enormously expensive, unaffordable for many people. Many housing market experts feel that the situation simply can’t be sustained and that house repossessions will keep rising.  The figures back up their fears… the latest UK government house repossession statistics are alarming.
The Government [...]