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South West homeowners warned about repossession risk (14 January 2014)

Date: 14/01/2014
Duncan Lewis, Housing Solicitors, South West homeowners warned about repossession risk

Homeowners in the South West have been warned about the risk of mortgage repossession after new figures published by housing charity Shelter showed that one out of every 179 households in the region are currently considered at risk of eviction or more serious consequences.

The research, which uses population figures and local recorded court proceedings to attain a ratio, found that families in Portland and Weymouth were the likeliest to lose their properties, with as many as one out of every 104 homes currently at risk. Overall figures reveal that 3,724 families in the West Country were forced to leave their homes in the 12 months through September 2013.

Shelter chief executive, Campbell Rob said: “Times are tough, and these days it doesn't take much to tip a family into the spiral that leads to homelessness. We are urging anyone to donate to our appeal and make sure we can be there for every family facing homelessness.”

Plymouth, Exeter and Torbay were among the worst local areas, where 848, 308 and 332 families lost their homes, respectively. Other repossession figures for the South West include North Devon, 190; Teignbridge, 252; South Ham, 152; West Devon, 85 and East Devon, 277. The Shelter helpline has also revealed that it is receiving almost 500 calls a day about the matter.

Duncan Lewis can help you if you are struggling to make monthly mortgage payments. Our team of housing solicitors will aim to find a quick and effective solution for your case.


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