DCSIMG

Notts is home repossession hotspot

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Nottinghamshire is one of the country’s the country’s top repossession hotspots, a report shows.

More than 16,000 homes in the East Midlands are at risk of eviction or repossession, the equivalent of 311 households threatened every week, according to new figures released by Shelter.

The housing charity has revealed the hotspots across the East Midlands where people are most likely to face losing their home, showing Nottingham UA at the top of the list, followed by Corby, Leicester UA and Northampton.

Nottingham, (the number one hotspot outside of London with 1 in every 54 homes at risk) has the highest number of homes under threat in the East Midlands, Peterborough (1 in 60) and Salford (1 in 60) also feature in the top 20.

The research is based on data recorded by the Ministry of Justice over the last financial year, showing how many homeowners and private or social renters have received a possession notice for their home.

Chief executive of Shelter, Campbell Robb, said: “These staggering figures show just how many families in the East Midlands go through the trauma of learning that their home is at risk, every single week.

“People are hearing that the economy is recovering, but we’re seeing the reality that many families across the country are still battling to keep their heads above water and keep their homes. Just one thing such as a job loss or serious illness can tip any of us in to a downward spiral that puts our home at risk. Our message is that no one should battle alone. Shelter can help.

“Getting advice early is the best way to halt the spiral of rent or mortgage arrears and can mean the difference between losing a home and keeping it.”

Shelter is warning that despite the beginnings of economic recovery, growing numbers of families are still set to struggle in the future.

It predicts that with the majority of families already struggling month to month with their housing costs and interest rates set to rise, many could soon hit danger levels.

Shelter’s free advice helpline is currently taking more than 480 calls each day, offering vital support and advice to homeless families and those still fighting to stay in their homes.

The charity is stressing that people must get advice as soon as possible to prevent arrears from spiralling out of control, and start preparing for future mortgage or rent rises.

The research shows that Newham in London is the place in England where households are most likely to face losing their home.

London boroughs – where house prices are highest and affordable housing is in particularly short supply – dominate the list.

 

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