While the Government and some banks have done a lot to stop repossession from taking the property of thousands of home-owners, there are another group of people facing the same financial problems but without the same support. A few days ago we reported on how private tenants can be told of a repossession just days before the event and according to research by Shelter and The Money Advice Trust, 90% of tenants said they were struggling to cover their rent.
The research also showed that more than a third of low-income private tenants in London had missed at least one important bill, including their rent. Figures like this show that despite all the work that’s gone into stopping repossessions, there are still a lot of people at high risk of losing their home.
Tags: avoid repossession, house repossession, repossession order, stop repossession