Feb 28
Repossession Convention Next Year, a hot topic at the moment…
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Predictions for 2008 all point towards a continued sharp increase in mortgage repossessions.
Calls to Housing Charity Shelter recieved 8 times as many calls in 2007 as in 2006, and there are no signs of a slowdown.
The Council of Mortgage Lenders in the UK predicts to see annual house repossessions to increase from 30,000 to 45,000 in 2008. Though this is still well below the 75,000 in 1991.
For many people there is however an escape route.
In certain situations companies like Houses For Cash UK can buy your home and rent it back to you, allowing you to repay your debts and mortgage, and even claim housing benefit to pay your rent if you are unemployed.
