Tuesday 11 March 2008

25,000 repossessions could be avoided in 2008...

Repossession Information estimates that up to 25,000 repossessions could be avoided in 2008 if the homeowners are given the ability to have basic advice, support and legal protection. Repossession Information is concerned about the fact that many homeowners are unaware of their rights in the eyes of the law and are falling victim to bullying tactics used by lenders.

As an organisation, we are campaigning for the following:

1) Lenders to fully explore all the options available to the mortgagor and provide ample advice in order to avoid repossession;
2) The provision of an approved Law Society duty solicitor in court for all homeowners;
3) Better support for people who are facing financial difficulty

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