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Repossessions Beginning To Soar In Ireland

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FRIDAY 10/02/2006 13:30:51

'Easy credit blamed for court actions'

The ease with which people can get credit cards and run up huge debts is behind a big rise in court action in Northern Ireland to repossess people's homes, it was claimed today.

By:Press Association

The number of house repossession orders sought by mortgage lenders in the country rocketed last year.
There was a 36% increase in the final quarter of the year compared with the same period in 2004 and a 19% rise in the whole of 2005 compared with the year before.
They said it was linked with the whole problem of consumer debt and the ease with which people could get credit cards and loans and run up big debts.
There has been a huge rise in that and there has been a knock-on effect with people not being able to meet their mortgage payments,"
said Cathy Hobson who works with the aid organisation.

The poisons continue to hatch out.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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