by Jon Hubbard on 20 February, 2009
It has just been announced that repossessions last year rose 54% to 40.000. Meanwhile at the same time it was announced that the Governments home owner support scheme (to support people struggling with their mortgages) has been delayed and put back to at least April.
At the very time people need such a scheme they are faced with delays. In some instances this delay will prove critical and effectively mean even more families will lose their homes. The Government has got to react more effectively to support people through this recession. No gimmicks, No spin, just hard, fast, effective action.
In the South West it was announced that repossessions were up 20% for the last 3 months of 2008 compared with the same period in 2007. This meant that 2,378 households in our regions faced their homes being repossessed! However the only statistic that will matter to many will be the repossession they face.
The Government must redouble efforts to ensure there are no further delays and that if possible they can bring forward this urgently needed support for people in severe arrears.Leave a comment