Monday, 2 March 2009

Practical advice for Lincolnshire’s homeowners as repossessions soar

Giles McNeill, today launched a Repossession Advice Pack with practical advice for homeowners across Lincolnshire worried about meeting their mortgage repayments.

The Pack gives step-by-step advice to households who fear that they may not be able to keep up their monthly mortgage payments, and tells people how to avoid making their situation worse. It can be downloaded here (PDF file).

This new Conservative initiative comes as the latest official Government statistics show a large increase in mortgage repossession orders being made by the courts – with 313 being issued across the country every single day. In Lincoln, 623 were made in 2008, an increase of 37% on the year before.

Giles said:
“As the recession bites and the number of repossessions soar, there are thousands of people across Lincolnshire who are worried about paying their mortgage. I hope this advice pack will provide them with some practical help and support.”

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