Big increase in repossessions
Figures from the Council of Mortgage Lenders (CML) show the number of people who lost their homes has soared by more than 50 per cent during the first quarter of…
Tag: pre-action protocol
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Is the pre-action protocol working?
Meanwhile, the Ministry of Justice has released its fourth quarter statistics on mortgage and landlord possession actions. It found that mortgage possession claims were 29 per cent lower year-on-year, but…
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Is the pre-action protocol working?
In related figures, the Ministry of Justice saw a big drop in the number of lenders getting court permissions for the early stages of repossession. There were 17,054 repossession orders…
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New guidelines for repossessions now in force
New guidelines that state that lenders must only use repossession as a last resort came into effect yesterday. The Civil Justice Council has drawn up a pre-action protocol, encouraging households…