Read more BANKRUPTCY related news in the UK.   15th December 2006

The numbers of homes being repossessed continues to rise  

The number of homes being repossessed continued a worrying upward trend between January and June 2006. The volumes increased to a figure of 8140 which represented a significant percentage lift on the previous year.   

There are various theories for the cause of the rapid rise in repossessions, not least to the UK's burgeoning level of debt.  The Bank of England believe that with average salaries of £30,000 and many mortgages in the region of £90,000, the overall burden has become too great for many families to bear.   There are many options available to people who find themselves in a position whereby their homes may be repossessed.  You may qualify for an individual voluntary arrangement (IVA) or might even be able to obtain a consolidation loan to minimise debt payments.   

It is advisable that anyone in this position should seek immediate debt management advice.                              

CALL 0800 0322210 - or if preferred contact our discreet ONLINE CHAT LINE - or complete our enquiry form opposite.