Category Archives: repossession news
Repossession Order Figures In NI Released
Figures released recently have revealed that over 1,800 properties were repossessed in Northern Ireland in the last year, with more than 80,000 homes and around 19,000 business failing to meet their mortgage repayments over the financial year. With such a … Continue reading
Repossession Order Prediction “Shocking”
The Housing minister, Grant Shapps, has released the details of a secret report that was commissioned last year by the Department for Communities and Local Government. It was a Labour led report that was compiled by academics at Oxford University … Continue reading
House Repossession Numbers Could Be Cut If Banker Bonuses Are Reduced
Bankers get massive bonuses, this is something we’ve all become painfully aware of in the last few years and these bonuses go on and on no matter what the economic situation. Those who aren’t too keen on the whole bonus … Continue reading
Repossession Is In The Air
If you were around a few weeks ago you may have read about ‘the good pirate’, a repo man who specialises in repossessing ships from impounds. If you missed it, you can have a read here. Anyway, it’s not just … Continue reading
Home Owners Avoid Repossession But Risk Could Be Unknown
One of the major problems that lead to the recession and credit crunch was the accumulation of high risk borrowers and subsequent bad debt. Despite the cataclysmic results over this strategy, lenders could still be skewing the risk held on … Continue reading
Repossession Laws Help Landlords Move Tenants On
Did you know that private landlords now account for 17% of all repossession claims in the rented property sector? OK not the most stimulating news but it’s true and up from 11% in 2004 according to legal information provider Sweet … Continue reading
Less Saw House Being Repossessed Than Predicted
The Financial Services Authority (FSA) has revealed figures showing that a total of 10,500 home owners saw their house being repossessed in the first quarter of 2010, 11% fewer than the previous three months. As interest rates remained low, there … Continue reading
A Repossession Can Be Interesting…
As you would expect, here at the www.repossession.net blog we often write about repossession and generally it’s not a ‘light read’. But now and again something on topic but a little more easy going catches our eye and today, exactly … Continue reading
FSA Stop Repossession Being The First Choice
The Financial Services Authority (FSA) has revealed new plans to help homeowners stop repossession when they face financial difficulties. Due to be introduced in the next few months, the proposals will help to remind lenders and borrowers that repossession is … Continue reading
Repossession Order Numbers Stay Stable Due To Low Interest Rates
Last week the Bank of England gave a stark warning that any rise in interest rates would cause more homeowners to face a repossession order as mortgage repayments would become more difficult to make. Thanks to low interest rates, the … Continue reading
