Repossession help will continue

Housing Minister John Healey today said that Government will keep help in place for struggling homeowners as new figures published today showed that repossessions court activity has dropped by over a third compared with 2008. New figures from the Council of Mortgage Lenders (CML) also released today show that repossessions in the last three months of 2009 were down by 13 per cent compared to the previous quarter, and 2 per cent less than...

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John Healey tightens repossession rules to get greater help for homeowners

Housing Minister John Healey today announced new protection for people struggling with mortgage arrears, by further tightening the rules on lenders taking court action for repossession. New court rules coming into force on 1 October will ensure that mortgage lenders inform councils when repossession action is started against residents in their local area, leaving councils able to step in to offer advice and help for those most in need. Councils...

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