The threat of repossession is at it’s greatest and Government figures suggest over 50,000 home owners will be unable to avoid repossession thoughout 2010. As if that wasn’t bad enough, the housing market is at a virtual stand still as mortgages are hard to come buy and homes remain on sale for long periods of time.
To alleviate the issue, local councils are trying to build affordable housing which will help locals kick start the housing market across the country. And despite the doom and gloom, it’s nice to see one council involving the community on such projects. In Bridport the local housing authority have allowed a schoolboy to name a new housing development in the village of Charmouth. Jamie went for the name ‘Heritage Mews’ and was inspired to do so by his passion for collecting fossils, nice.
Tags: avoid repossession, house repossession, repossession order, stop repossession