High homes repossession risk for North Somerset

PUBLISHED: 11:00 29 June 2012


NORTH Somerset is in the top 10 for home repossessions claims in the South West, new research has revealed.

Homeless charity Shelter has released figures for 2011-12 ranking the area eighth out of 36 local unitary authorities for the number of repossession claims per 1,000 homes, making the area a high-risk hotspot according to the charity.

North Somerset is also ranked 216 of 324 authorities nationwide, according to the figures compiled by the Ministry of Justice.

Chief executive of Shelter, Campbell Robb, said: “Most people think repossession will never happen to them, however rising unemployment, high living costs and high house prices mean that many people in the South West are living close to the edge already and risk falling into a spiral of debt and repossession.

“The journey from being a homeowner to becoming homeless is frighteningly swift, with just one small thing like a wage cut, a health problem or a job loss meaning that a family can no longer meet their mortgage payments.

“ When repossession happens, the impact on families is devastating – research shows people think repossession is worse than having to fight a child custody battle.”

Mr Robb appealed for those getting into mortgage problems to contact Shelter on 08088 004444 or go to www.shelter.org.uk/advice

If you value what this story gives you, please consider supporting the Weston Mercury. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Weston Mercury