Recent figures from the Financial Services Authority (FSA) revealed that in the 3rd quarter of this year, repossessions were down on the previous 3 months. The reasons for this are lower interest rates, more lenient lenders and Government initiatives.
The lates Government backed scheme to help homeowners keep their properties is a series of workshops to help families avoid repossession. The first of the workshops will be in Scunthorpe, Lincolnshire which is an official hotspot for repossession due to the large number or residents facing a court order for repossession and high levels of unemployment. The workshops will be carried out with the help of the Citizens’ Advice Bureau (CAB) and will offer real, face-to-face support and advice.
Tags: avoid repossession, repossession, repossession order, stop repossession