With this as a background and Darling promising even more borrowing
and Brown-Darling urging the banks to commit suicide the long-
expected repossession avalanche is working up!
xxxxxxxxxxxxxxxxxx cs
=========================
SKY NEWS 21.11.08 • 'Firebomb' Near BNP Home
Big Rise In Number Losing Homes
H
Figures out today show 11,300 more homes were repossessed in the
third quarter of the year - up 12% on the previous three months.
The number of UK borrowers in arrears also went up compared with the
second quarter, by 8% to 168,000.
The number of repossession orders made by the courts in England and
Wales oveer the same period was 29,516, 24% higher than in 2007.
The figures come from the Council of Mortgage Lenders (CML) and the
Ministry of Justice.
The number of people who lose their homes is expected to rise as the
economic crisis worsens.
Around 18,900 homes were taken over by lenders during the first six
months of the year according to the CML, the highest figure for 12
years.
The group has estimated that a total of 45,000 people will have their
homes repossessed this year.
If this turns out to be the case, it would be the highest figure
since 1995.
The Government has launched a range of initiatives to help people in
difficulties stay in their home.
These include enabling them to sell their home and rent it back from
a social landlord.
Another option is to enter into a shared equity or shared ownership
scheme on their property.
Housing Minister Margaret Beckett said: "We are determined that
householdsshould have access to as much help as possible.
"We will do everything we can to ensure repossession is always a last
resort."
The CML data covers arrears and repossessions and comes from its
members across the UK.
The Ministry of Justice figures show the number of possession orders
granted by courts in England and Wales
====================
POLITICS HOME 21.11.08
Sky News at 09.52
Shapps: PM must take some responsibiliy for rise in repossessions
Grant Shapps, Shadow Minister for Housing
Mr Shapps responded to the rise in repossessions released this
morning, saying the situation had become become “really serious now”
and adding that the Prime Minister must take some responsibility for it.
“This has turned really serious now. There are lots of families out
there who are really worried.
“I don’t want to be a doom-monger…but we seem to be in the most
horrendous situation. The Prime Minister needs to take some
responsibility.
“Far from being this man who prevented boom and bust, it’s Brown the
bailiff, knocking on the door of these people being repossessed.“
BBC News at 10:27
Speaking later, Mr Shapps commented on new figures suggesting the
government loses one computer a week.
He said: "Things have got no better at all, it's probably worse than
those 52 computers that have been lost, we know about disc drives,
about memory sticks".
He added that the news: "raised suspicions about whether they can
really be trusted with our data" and called for: "a review across the
whole of Whitehall to make sure they can keep our data safe."
On the rise in repossessions, he said: "This is very worrying, I've
got a lot of constituents who have written to me, lots of people
around the country, who say it's not really our fault, we've lost our
jobs and the banks are coming after us."
He added: "It's not enough for government just to stand there and do
nothing".
and Brown-Darling urging the banks to commit suicide the long-
expected repossession avalanche is working up!
xxxxxxxxxxxxxxxxxx cs
=========================
SKY NEWS 21.11.08 • 'Firebomb' Near BNP Home
Big Rise In Number Losing Homes
H
Figures out today show 11,300 more homes were repossessed in the
third quarter of the year - up 12% on the previous three months.
The number of UK borrowers in arrears also went up compared with the
second quarter, by 8% to 168,000.
The number of repossession orders made by the courts in England and
Wales oveer the same period was 29,516, 24% higher than in 2007.
The figures come from the Council of Mortgage Lenders (CML) and the
Ministry of Justice.
The number of people who lose their homes is expected to rise as the
economic crisis worsens.
Around 18,900 homes were taken over by lenders during the first six
months of the year according to the CML, the highest figure for 12
years.
The group has estimated that a total of 45,000 people will have their
homes repossessed this year.
If this turns out to be the case, it would be the highest figure
since 1995.
The Government has launched a range of initiatives to help people in
difficulties stay in their home.
These include enabling them to sell their home and rent it back from
a social landlord.
Another option is to enter into a shared equity or shared ownership
scheme on their property.
Housing Minister Margaret Beckett said: "We are determined that
householdsshould have access to as much help as possible.
"We will do everything we can to ensure repossession is always a last
resort."
The CML data covers arrears and repossessions and comes from its
members across the UK.
The Ministry of Justice figures show the number of possession orders
granted by courts in England and Wales
====================
POLITICS HOME 21.11.08
Sky News at 09.52
Shapps: PM must take some responsibiliy for rise in repossessions
Grant Shapps, Shadow Minister for Housing
Mr Shapps responded to the rise in repossessions released this
morning, saying the situation had become become “really serious now”
and adding that the Prime Minister must take some responsibility for it.
“This has turned really serious now. There are lots of families out
there who are really worried.
“I don’t want to be a doom-monger…but we seem to be in the most
horrendous situation. The Prime Minister needs to take some
responsibility.
“Far from being this man who prevented boom and bust, it’s Brown the
bailiff, knocking on the door of these people being repossessed.“
BBC News at 10:27
Speaking later, Mr Shapps commented on new figures suggesting the
government loses one computer a week.
He said: "Things have got no better at all, it's probably worse than
those 52 computers that have been lost, we know about disc drives,
about memory sticks".
He added that the news: "raised suspicions about whether they can
really be trusted with our data" and called for: "a review across the
whole of Whitehall to make sure they can keep our data safe."
On the rise in repossessions, he said: "This is very worrying, I've
got a lot of constituents who have written to me, lots of people
around the country, who say it's not really our fault, we've lost our
jobs and the banks are coming after us."
He added: "It's not enough for government just to stand there and do
nothing".
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