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.... The twin horsemen of the property apocalypse are called unemployment and interest rates. A steep rise in joblessness automatically translates into arrears and repossessions, as households fall behind with repayments. ... [Read full article on Guardian ]
Thursday 6th of July 2017 09:28:23 AM
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Latest Finance News related to Repossess

Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... The twin horsemen of the property apocalypse are called unemployment and interest rates. A steep rise in joblessness automatically translates into arrears and repossessions, as households fall behind with repayments. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....There is also the concern that the banking industry, which provides much of the underlying finance, is offering the same platitudes as it did before the 2008 crash. The vast majority of loans are rock solid, it says, except the industry has failed to introduce a standard way to calculate customer arrears and repossessions, which means that the 3% sub-prime figure could be bigger. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
....“There was confidence from the city leadership that it would work, but a lot of my peers and colleagues in the arts were saying to me, ‘Who’s going to go there?’” says Sheena Wrigley, executive director of Home, which includes two theatres, five cinema screens, an art gallery and a restaurant and bar. “It was a very unprepossessing area with a big car park and one large office block. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
....But this sharp rise in debt-fuelled car purchasing should be cause for worry. A steep rise in car loan arrears and repossessions is already fuelling concern about another crash in the US. ...
The Crusader: Overhaul of LOGBOOK LOAN laws spells better deal for car buyers image
Source : Daily Express [Read Article] Thursday 27th of April 2017 06:01:00 PM
.... . However if payments are missed borrowers can face swift repossession. ...
Our high streets don’t need new shops – they need new ideas | Suzanne Moore image
....In between these bursts of hope and the charity shops and the bookies there is so much empty retail space. There are big shops, sometimes former chain stores, with windows covered in bird shit and repossession notices, some boarded up. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
....Dangers Parents, however, need to understand the effects of providing the security, he emphasises. “If everything went horribly wrong, the property was repossessed and sold for less than the outstanding debt, the lender could claim the shortfall from the parental cash or equity. ...
Austerity anguish image
Source : BBC [Read Article] Sunday 26th of February 2017 01:54:38 AM
....In a soulless white concrete court building, leaders of the I Won't Pay movement have been turning routine eviction proceedings into the frontline in a popular fight-back against austerity. The protesters - noisy and feisty but non-violent when we saw them - turn out in force to block the progress of cases where banks seek to repossess houses where loans have fallen into arrears. ...
Home repossessions at lowest level since 1982, figures show image
Source : Daily Express [Read Article] Thursday 9th of February 2017 12:00:00 AM
. Some 7,700 repossessions took place in 2016, down nearly 25 per cent on the 10,200 cases seen in 2015, the Council of Mortgage Lenders (CML) said. ...
Lloyds apologises for 'distress' caused by £245m HBOS loan scam image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:45:49 PM
....The pair – who set a group campaigning for fair treatment from banks for small business customers – asked for the relationship with QCS to end, the Turners said, but they said the fees kept being taken from their accounts. The bank made 22 attempts to repossess their bungalow in Cambridgeshire – where at the time they lived with their two daughters who are now 24 and 25 – which has been without hot water since 2006. ...
Halifax is chasing a debt on a house my wife left 20 years ago image
Source : Guardian [Read Article] Wednesday 25th of January 2017 07:00:31 AM
.... She left the property in 1997 and advised Halifax of her new address, but her ex refused to take her name off the mortgage. The mortgage fell into arrears and the house was repossessed in 2007 selling for £12,000 less than the loan. ...
Whistleblower wins 13-year campaign against HSBC image
Source : Guardian [Read Article] Friday 20th of January 2017 01:17:13 PM
....The announcement represents a victory for 59-year-old Nicholas Wilson, who has devoted years to pursuing this issue. Wilson said that in 2003 he told HFC that what it was doing was “illegal”, and that as a result of the ongoing campaign he had subsequently “lost everything” – he is unemployed and last month was facing repossession proceedings. ...
How attempts to save BHS, and 11,000 jobs, were doomed by chaos and mistrust image
Source : Guardian [Read Article] Saturday 31st of December 2016 04:00:32 PM
.... These included Chappell using £1. 5m of BHS money to pay off the mortgage on his family home just as it was about to be repossessed; the sale of BHS’s warehouse to a friend of Chappell’s (with Retail Acquisitions taking a third of the proceeds); and a series of complex loans and property deals between Chappell, BHS and property company Allied Commercial Exporters, which made millions of pounds from the transactions. ...
Wonder why so many BHS workers are relying on charity? Here’s what we face | Grant Atterbury image
.... I was somewhat taken aback by their inability to backdate the claim by a couple of weeks, as they seem to have little trouble doing so when dealing with overpayments. The second letter was from the local housing group letting me know that my rent was in arrears to the tune of almost £350 – and that this needed to be paid within seven days of the date of the letter (despite their offices being closed from now until 3 January), or steps would be taken to repossess my home. ...
We’re £15,500 out of pocket after a Lloyds blunder over house sale image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
. We bought a repossessed property and the completion date was agreed as Friday 28 October. ...
Housing sales to fall in 2017, says CML image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:55:23 AM
....23m, but more lending, at £246bn. The number of homes repossessed by lenders also seems set to come in lower than the forecast, at 7,900 rather than 18,000. ...
Study finds 7m Britons in poverty despite being from working families image
Source : Guardian [Read Article] Wednesday 7th of December 2016 12:01:15 AM
....The number of all rental eviction has risen by 60% over five years to 37,000 annually, it said, with a particularly steep recent rise in private evictions. Over the same period mortgage repossessions have fallen from 23,000 to 3,300. ...
Britain is drowning in a mountain of debt but not all hope is lost image
Source : Daily Express [Read Article] Sunday 13th of November 2016 12:01:00 AM
....The average UK adult now owes almost £30,000, up £1,000 in a year, as record low interest rates encourage Britons to load up on cheap credit. Around 87 per cent of this is mortgage debt secured against property and there are worrying signs that arrears and repossessions are beginning to increase, despite today’s record low rates. ...
Thousands of borrowers with mortgage arrears could get compensation image
Source : Guardian [Read Article] Wednesday 19th of October 2016 11:49:10 AM
....”. It said it did not expect there to be many cases where the calculation of repayments had resulted in a home being repossessed. ...
Update 'archaic' laws to protect used car buyers, says Law Commission image
Source : Guardian [Read Article] Monday 12th of September 2016 08:36:26 AM
. Anyone buying a secondhand car privately is in danger of having it repossessed without warning by finance companies under “archaic” Victorian legislation, the Law Commission has warned. ...
Hanjin bankruptcy: S Korea throws lifeline to shipping firm image
Source : BBC [Read Article] Tuesday 6th of September 2016 01:34:50 AM
....Hanjin Shipping last week filed for receivership in South Korea after attempts to raise fresh funding for the indebted company failed. On Monday, the company said it would seek bankruptcy protection in more than 40 countries to protect its fleet from being repossessed. ...
Stranded at sea image
Source : BBC [Read Article] Thursday 1st of September 2016 01:23:28 PM
....Not only are ships not allowed to unload, containers waiting to be picked up are also being held back by the ports as collateral over unpaid bills. And even if the ports did allow them in, Hanjing would probably not as the vessels could expect to be immediately repossessed by the firm's creditors. ...
Fighting fit image
Source : BBC [Read Article] Sunday 17th of July 2016 09:22:25 PM
....Back in Bangkok, amid the sharp economic downturn, his father's property company collapsed and the family lost everything. Their home was repossessed, and bank accounts seized. ...
Tenant evictions up in England and Wales image
Source : Guardian [Read Article] Thursday 12th of May 2016 11:29:31 AM
. The number of households evicted from rental accommodation in England and Wales rose by 5% in the first three months of the year, while the repossession rate for homeowners fell to a record low. ...
More people using equity release to repay interest-only mortgages image
Source : Guardian [Read Article] Wednesday 11th of May 2016 12:25:05 PM
....There have been a series of warnings about this type of home loan in recent years. In September 2015 Citizens Advice warned that almost a million people had no strategy in place for repaying their interest-only mortgage and could face repossession as a result. ...
Quiet crisis: why battle to prop up Italy's banks is vital to EU stability image
.... Renzi was accused of overseeing a “state suicide” when a retired man who lost €110,000 in Banca Etrutia bonds killed himself. Renzi has adopted a three-pronged approach: the Atlante backup fund, which is also intended to be able to buy bad debts; a plan to allow banks to package up NPLs into bonds with a government guarantee to try to attract buyers – a sort of bad bank; and a move to speed up the time it takes to repossess properties, which can currently take up to 15 years. ...
Quiet crisis: why battle to prop up Italy's banks is vital to EU stability image
.... Renzi was accused of overseeing a “state suicide” when a retired man who lost €110,000 in Banca Etrutia bonds killed himself. Renzi has adopted a three-pronged approach: the Atlante backup fund, which is also intended to be able to buy bad debts; a plan to allow banks to package up NPLs into bonds with a government guarantee to try to attract buyers – a sort of bad bank; and a move to speed up the time it takes to repossess properties, which can currently take up to 15 years. ...
Italian banks under pressure as Popolare di Vicenza IPO fails image
Source : Guardian [Read Article] Monday 2nd of May 2016 05:11:21 PM
....Investors fear that banks may be forced to raise more capital to be able to offload their bad debts. In an attempt to boost the market value of bad debts, the government announced new measures on Friday aimed at speeding up repossession – which in Italy can take up to eight years, four times longer than the European average. ...
Radiohead's corporate empire: inside the band's dollars and cents image
Source : Guardian [Read Article] Friday 29th of April 2016 03:42:42 PM
.... It is a narrow, royal blue office in central London. Number 41 Great Portland Street to be precise, just a few doors down from the Democratic Republic of the Congo’s unprepossessing embassy and the showroom of a Danish bathroom tap manufacturer. ...
Spanish consumers win victory over mortgage payments image
Source : Guardian [Read Article] Friday 8th of April 2016 11:53:17 AM
....Under Spanish law homeowners cannot claim bankruptcy over a mortgage as it is regarded as personal debt. So even after the banks foreclose and repossess a property the former owner still has to pay off the mortgage, as well as associated legal charges. ...
Beware the Airbnb guests who could end up costing you your home image
Source : Guardian [Read Article] Saturday 2nd of April 2016 05:59:01 AM
....We found that in some cases borrowers might be hit with a fee or face a higher mortgage rate. In others, the consequences could be far more severe, with some homeowners potentially risking a demand for the immediate repayment of the whole mortgage or even, in theory at least, being threatened with repossession. ...
House price SURGE: Boom as landlords rush to beat stamp duty deadline image
Source : Daily Express [Read Article] Wednesday 30th of March 2016 02:41:00 PM
....Overall there have been a sharp drop in the number of transactions taking place across the country between 2013 and 2014, a trend that is expected to continue in 2015, thanks to a lack of supply. The data also showed the number of repossessions halved in December 2015 compared with December 2015. ...
Bank of England must burst the buy-to-let bubble now image
Source : Guardian [Read Article] Sunday 27th of March 2016 08:00:11 AM
.... In 1988, there was an orgy of buying after Nigel Lawson announced in his spring budget that double mortgage interest relief for couples would be abolished in August that year. The boom was followed by a six-year slump that saw a record number of home repossessions. ...
Is shared ownership a vital first step on the property ladder, or a slippery slope? image
.... Another downside is that you could potentially lose your property if you fall behind on rent payments. “Although repossessions are rare, the owner would lose everything, including their deposit,” says Peaker. ...
Interest-only time bomb is ticking: Defuse mortgage worries with an equity release plan image
....Last year Citizens Advice warned that 934,000 homeowners who opted for interest-only mortgages have no way of paying off their loan at the end of its term. It said time is running out as these mortgages mature over the next few years and many homeowners could be forced to sell their homes or even face repossession, unless they can find a way of clearing the debt. ...
Interest-only 'prisoners' growing as borrowers refused new mortgages image
Source : Daily Express [Read Article] Thursday 25th of February 2016 04:25:00 PM
.... Another option for interest-only prisoners could be to down-size, though this is a tough option for those living in a cherished family home. Last year it was warned nearly one million people could end with their homes repossessed because they have not made plans over how they will pay off interest-only mortgages. ...
Tenant evictions reach highest level on record image
Source : Guardian [Read Article] Thursday 11th of February 2016 12:16:02 PM
....The number of tenants evicted from their homes by bailiffs reached a record high in 2015, according to official figures for England and Wales showing that 42,728 households in rented accommodation were forcibly removed. Housing campaigners blamed welfare cuts and the shortage of affordable homes for the 2% rise in repossessions over the year, revealed in figures from the Ministry of Justice. ...
If we want to solve the housing crisis, we must answer these three questions | Paul Mason image
.... This, in turn, induces a speculative frenzy of one way bets – on development, on buy to let, on off-plan investment buying from abroad. To economists who study financial frenzy, the British housing market has followed the classic curve: the certainty of rising prices and short supply draws more and more people into the market, knowing a crash cannot wipe them out – because when confronted with falling house prices, governments have used taxpayers’ money and micromanagement of the banks to halt a spiral of repossessions and falling prices. ...
Auction houses report rush to buy and sell before April 1 buy-to-let stamp duty deadline image
.... . The sort of properties that are put up for auction are often investment properties – those repossessed by banks, or sold on by housing associations – rather than dream family homes. ...
Stelios backs his nose for a bargain on the high street with easyFoodstore image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 09:33:22 PM
.... . Mrs Johnson was not alone in driving out to the unprepossessing Park Royal, on the outskirts of north London, to find out more about the latest enterprise from Sir Stelios Haji-Ioannou’s Easy empire. ...
Housing blew up the global economy in 2008 and we learned nothing image
Source : Guardian [Read Article] Friday 29th of January 2016 07:06:08 AM
....The tension in The Big Short comes when the viewer realises that for the heroes – those betting against the housing market and exposing the lie at the centre of the subprime bubble – to win, people will suffer. They’ll lose their houses as they default on their mortgages, or their landlords have their homes repossessed. ...
How would you pull a Big Short in 2016? | Paul Mason image
Source : Guardian [Read Article] Monday 25th of January 2016 04:55:31 PM
....It may seem tasteless to consider that financial speculation might hang on such real-life issues as the refugee flow through Macedonia – but the people in The Big Short were also speculating on real life. “Fuck you, I’m short your house,” one guy at Deutsche Bank says to a sceptical colleague in Lewis’s book – meaning he has effectively bet on his colleague’s repossession. ...
Twenty years on – the winners and losers of Britain’s property boom image
Source : Guardian [Read Article] Saturday 23rd of January 2016 06:59:05 AM
.... It is a tale of two Britains, where buyers have made millions and renters have shelled out tens of thousands of pounds and live a fragile existence. In 1996 … Dagmar Noble’s building society began proceedings to repossess her two-bed terrace house in Didcot, Oxfordshire. ...
A home in France? You may face the UK buy-to-let stamp duty surcharge image
Source : Telegraph [Read Article] Friday 22nd of January 2016 08:32:27 AM
.... • Spanish holiday home tax fiasco: Britons finally receiving refunds . • Buy-to-let: bank offers 113pc mortgages – on repossessed flats in Spain . ...
Greece's economic crisis goes on, like an odyssey without end image
Source : Guardian [Read Article] Monday 4th of January 2016 07:35:57 PM
....8bn or 1% of GDP are to be delivered this year – will hit households that depend on retirement income. The prospect of banks repossessing homes – an inevitability if international creditors insist on enforcing measures reducing mortgage debtors’ protections – has further stoked fears of social upheaval. ...
Is Trading Places the best financial film ever? image
Source : Guardian [Read Article] Saturday 26th of December 2015 10:00:22 AM
FCA set to investigate HSBC amid claims of 'improper practices' image
Source : Guardian [Read Article] Wednesday 9th of December 2015 05:13:19 PM
....It still doesn’t mean they are going to take action, but at least it’s out in the open now, and they can’t bury it,” he said. He claimed he reported what was happening to the bank 12 years ago and had subsequently “lost everything” – he is unemployed, on benefits and his home may be repossessed. ...
Won’t anyone think of the poor ‘buy-to-let dreamers’? image
Source : Guardian [Read Article] Tuesday 1st of December 2015 04:25:49 PM
....Bloody serfs. But things might even get tricky for the aristocrats if rents fall or interest rates rise because then some won’t be able to keep up the repayments, which means everything gets repossessed by the bank. ...
Women warned to beware pregnancy pitfalls when applying for a mortgage image
Source : Guardian [Read Article] Sunday 22nd of November 2015 07:00:11 AM
....You will be expected to sign a declaration that the application has been completed truthfully, says David Hollingworth of London & Country. If you lie, technically, your lender could repossess your property – but “in practice, that would be a last resort,” adds Boulger. ...
Greece secures bailout cash deal image
Source : BBC [Read Article] Tuesday 17th of November 2015 06:45:47 PM
.... . The next payment had been held up by differences between the two sides over protection from repossession for home owners in arrears with their mortgages and about reforms to the banks. ...
Why millennials should stick to renting and ignore advice to buy a home image
Source : Guardian [Read Article] Sunday 15th of November 2015 12:00:00 PM
.... We just don’t know what the reaction will be to a rise in interest rates and mortgage rates. Nor do we fully understand how many properties are left over from the financial crisis and the related real estate debacle, that have been repossessed by banks or whose owners still inhabit them but remain in default on their mortgages. ...
My ex-husband has landed me with a £9,000 mortgage debt image
Source : Guardian [Read Article] Wednesday 11th of November 2015 07:00:11 AM
....At the heart of this problem is that your ex-partner refused to remove your name from the mortgage – the only recourse would have been to apply for a court order to force the property’s sale, but this would be expensive. According to the charity Money Advice Trust you have two choices: sell for the current offer, or opt for “voluntary repossession” by handing the keys to the lender for auction. ...
Greece told to do more on reforms before it gets next bailout payment image
Source : Guardian [Read Article] Monday 9th of November 2015 07:32:05 PM
....Greece clinched an €86bn bailout in the summer, in return for promising measures to reduce its deficit such as higher VAT rates and pension cuts. Its lenders have also demanded new laws to help banks repossess homes from people who cannot meet their loan repayments. ...
Prevent floods of tears image
Source : Daily Express [Read Article] Wednesday 4th of November 2015 10:02:00 AM
....Simon Tyler of mortgage brokers Tyler Mortgage Management, says buyers can struggle to get mortgages to fund the purchase of a flood-prone home. “Lenders may fear the property doesn’t represent good security for the loan and if they have to repossess for any reason they may struggle to find a buyer. ...
The hidden cost of the boomerang kids, back at home with mum and dad image
Source : Guardian [Read Article] Sunday 1st of November 2015 07:01:14 AM
.... Anyone over the age of 17 who lives in the property can potentially claim squatters’ rights. Your child will be asked to sign a “consent to let” form, waiving their right to live in the property if it’s repossessed. ...
They’re back … the sub-prime mortgage market has returned image
Source : Guardian [Read Article] Saturday 31st of October 2015 07:01:12 AM
.... For example, Aldermore - which, like many of the lenders, says it assesses each case on an individual basis rather than relying on automated credit scoring – doesn’t rule out people with “historic” mortgage arrears, provided there weren’t any in the last 12 months, and CCJs/defaults, provided they date back more than three years. Magellan’s small print says that someone who had a property repossessed as recently as 13 months ago may be considered for a loan, “subject to confirmation that any shortfall has been, or is being, made good or has been forgiven”, while a bankruptcy or debt relief order discharged more than 12 months ago “will be considered”. ...
Sub-prime mortgages make surprise comeback in the UK image
Source : Guardian [Read Article] Friday 30th of October 2015 07:12:53 PM
....Sub-prime mortgages, widely blamed for causing the 2007-08 financial crisis, are making a surprise comeback in the UK, with several new lenders launching home loans for people with poor credit histories. Lenders are targeting people who have faced serious financial problems including repossession and bankruptcy – as well as those with more minor blots on their records – for the mortgages, which come with interest rates as high as 8%. ...
Average London house price hits £500,000 as capital's housing market shows no sign of losing steam image
.... . Meanwhile repossessions in England and Wales tumbled 50pc to 471 in the year to July, according to the latest available figures from the Land Registry. ...
Comparing recessions is hard, but Britain has coped better this time image
Source : Guardian [Read Article] Sunday 18th of October 2015 10:50:42 AM
....That suggests that Britain coped with this recession better than it has with other recessions in the recent past. Ultra-low interest rates and forbearance on the part of mortgage lenders meant there was no repeat of the record home repossessions seen in the early 1990s. ...
Interest-only mortgages are back, but you have to be wealthy to get one image
Source : Guardian [Read Article] Monday 12th of October 2015 05:59:09 AM
....Citizens Advice wants mortgage providers to do more to help those in difficulty prepare for when the demand for repayment arrives. It also wants greater protection for interest-only borrowers by requiring lenders to consider a range of alternatives before trying to repossess a home. ...
London rises dramatically above New York in global prime property league image
Source : Guardian [Read Article] Tuesday 6th of October 2015 01:22:15 PM
....But the global city to watch in the future is Miami, said Knight Frank. During the financial crisis it became the foreclosure and repossession capital of the US as it went from boom to bust. ...
Brits back to sunny Spain for overseas property image
Source : Daily Express [Read Article] Sunday 4th of October 2015 05:30:00 PM
.... . The downside is that you will not be able to get a mortgage as the lender is unable to repossess the property if you default on your repayments, and selling your share could prove problematic in future. ...
Jeremy Corbyn speech: intense focus on social housebuilding and tenant rights image
Source : Guardian [Read Article] Tuesday 29th of September 2015 05:04:31 PM
....” Corbyn made clear that Labour would not rely on private housebuilding to ease the housing crisis but would instead focus on state house provision, pointing out it was fiscally responsible, as income would be ploughed back into the local economy and the housing benefit bill reduced. Healey, in a speech to the conference earlier on Monday, promised “the largest council house-building programme in a generation, the full devolution of housing finance to local government, loans to kickstart work on 22,000 homes stalled by the deep recession, powers for councils to license private landlords, and a mortgage rescue scheme that helped thousands facing repossession stay in their homes”. ...
Labour faces a tough time convincing voters on the UK economy image
Source : Guardian [Read Article] Sunday 27th of September 2015 12:18:09 PM
....There is also the possibility that there is a crisis between now and 2020 but that the public decides that voting Labour is too risky. The precedent here is the 1992 election, which took place at the tail end of a recession entirely caused by Conservative economic mismanagement that led to a colossal boom bust in the housing market resulting in record home repossessions and business failures, and 3 million people on the dole. ...
Warning over bank that promises to write off debts image
Source : Guardian [Read Article] Thursday 17th of September 2015 03:35:19 PM
.... Instead, you may end up with additional charges from your creditors for late payment. You could eventually be subject to other sanctions such as county court judgments or repossession proceedings. ...
Bank accused of ruthless loan pursuit image
Source : BBC [Read Article] Sunday 13th of September 2015 11:16:33 PM
.... Anybody would know the whole site was worth more than £50,000. They repossessed the property from me, put it on the market themselves and sold it. ...
Brits lured even deeper into debt by low rates image
Source : Daily Express [Read Article] Sunday 13th of September 2015 12:01:00 AM
....“Once their term ends, they will be moved on to a standard variable rate, which will move in line with interest rate rises,” Ranson adds. Despite the record low rates, a frightening 42 properties are repossessed every day, according to figures from the Council of Mortgage Lenders. ...
'Time running out' for 1 million interest-only mortgage holders who face LOSING their home image
....More than one in three of the estimated 3. 3 million mortgage holders could be forced to sell their properties or risk having their homes repossessed, as they won't have necessary funds when they are due. ...
A million interest-only mortgage holders 'face repossession' image
Source : Guardian [Read Article] Friday 4th of September 2015 11:07:29 AM
. Almost a million people have no strategy in place for repaying their interest-only mortgage and could face repossession as a result, Citizens Advice has warned. ...
How banks' 'ageism' worsens the plight of interest-only borrowers image
Source : Telegraph [Read Article] Friday 4th of September 2015 09:48:47 AM
. Nearly one million people face having their homes repossessed because they have no plan to pay off their interest-only mortgages, but banks are still refusing to agree sensible repayment options particularly with older borrowers. ...
Mortgages: interest-only deals a 'ticking time bomb' for one million homeowners image
.... Citizens Advice said that 934,000 owners did not have a plan in place to bay back the money at the end of the mortgage term. They face having to sell their home or have it repossessed if funding is not available. ...
Nearly one million 'face mortgage woe' image
Source : BBC [Read Article] Thursday 3rd of September 2015 11:01:50 PM
....It warned that time was running out for some to organise their finances. They faced having to sell their homes or even have the property repossessed if they were unable to find other funds, the charity said. ...
Natalie Lowe: 'Moving to the UK was my best money decision' image
Source : Telegraph [Read Article] Sunday 16th of August 2015 06:44:48 AM
.... . • Stella English: 'I've battled repossession since winning The Apprentice' . ...
Germany's hypocrisy over Greece water privatisation image
Source : Guardian [Read Article] Friday 14th of August 2015 12:01:43 PM
....Argovtopoulos’s complaint was backed by public water campaigners in Germany. “There’s a wave of public repossession of this resource going on in Germany after it sunk in that pricing it can’t be left to profit-seeking boardroom managers,” managing director of the German Alliance of Public Water Management Christa Hecht told Greek newspaper Kathimerini. ...
Repossessions fall to historic low as home owners keep on top of their mortgages image
.... . By contrast, in 2009, 48,900 homes were repossessed, averaging more than 12,000 per quarter, according to the data from the Council of Mortgage Lenders. ...
Fewer homes seized amid low rates image
Source : BBC [Read Article] Thursday 13th of August 2015 09:09:56 AM
. The number of homes repossessed in the UK fell again in the second quarter of the year as fewer owners fell behind on mortgage repayments. ...

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