People more likely to lose house in borough than anywhere else in region

People likely to lose house in Weymouth and Portland than anywhere else in South West

People likely to lose house in Weymouth and Portland than anywhere else in South West

First published in News
Last updated

WEYMOUTH and Portland has been identified as a housing repossession hotspot.

It tops a list in the South West of the areas where people are more likely to lose their home.

The research, based on data recorded by the Ministry of Justice found that in the past year more than 13,200 homes in the South West are at risk of eviction or repossession, the equivalent of 36 every day.

It also identified the latest hotspots across the region where people are most likely to face losing their home, with Weymouth and Portland and Gloucester topping the list. They are above areas such as Bristol, Bournemouth and Plymouth.

Weymouth and Portland is ranked 98th nationally. But regionally is is top based on the rate of possession claims on rented/mortgaged households.

One in 74 rented and mortgaged households in Weymouth and Portland is at risk of having a possession claim on it.

The number of possession claims (mortgage and landlord) in the last four quarters was 244.

The housing and homelessness charity is warning that sky high housing costs are pushing more and more families in the South West to the brink.

With finances stretched to bursting point, just one thing, such as an illness or job loss, can be all it takes to leave a family facing losing their home.

Shelter is currently struggling to meet demand for its services and is calling for support so that it can help more people stay in their homes.

Since 2011, across the country the charity has seen the number of callers struggling with rent arrears more than double, while those calling about mortgage arrears rose by nearly a fifth.

Campbell Robb, chief executive of Shelter, said: “36 households at risk of losing their home every day is 36 too many. Each one of these will have had their lives turned upside down by this experience, as they faced seeing their home, the foundation of their life, ripped away from underneath them.

“Tragically we are seeing more and more people coming to us for help, people who have been struggling to make ends meet and then just one change of circumstances has pushed them spiralling towards homelessness. We urgently need people’s support so we can help more people in the South West avoid the nightmare of losing their home.”

Comments (5)

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11:29am Mon 18 Aug 14

caapprentice says...

A Echo headline that doesn't make sense (again).
A Echo headline that doesn't make sense (again). caapprentice
  • Score: -3

12:40pm Mon 18 Aug 14

Bollard says...

caapprentice wrote:
A Echo headline that doesn't make sense (again).
Much like your sentence.
[quote][p][bold]caapprentice[/bold] wrote: A Echo headline that doesn't make sense (again).[/p][/quote]Much like your sentence. Bollard
  • Score: 4

12:46pm Mon 18 Aug 14

caapprentice says...

Bollard, to help you understand, perhaps it should read 'People MORE likely to lose house in borough than anywhere else in region?
Bollard, to help you understand, perhaps it should read 'People MORE likely to lose house in borough than anywhere else in region? caapprentice
  • Score: -2

2:52pm Mon 18 Aug 14

JamesYoung says...

How many of the 36 that lose their homes borrowed high income multiples?
How many of them "withdrew" equity from their homes (the only time you can safely withdraw equity from your home is when you sell it)?
Although it is horrible for those impacted, we need a "great reset" to get Britain back on its feet. If you are struggling to pay your mortgage with no realistic prospect of succeeding, it is probably easier to declare yourself bankrupt. Six years later, you can start again with a clean sheet.
Very little of the money borrowed from banks is "real" anyway - you are not stealing from depositors when you don't pay your debts, just the banks themselves - and in most cases they've created the money out of thin air.
Google "fractional reserve banking" to find out how.
How many of the 36 that lose their homes borrowed high income multiples? How many of them "withdrew" equity from their homes (the only time you can safely withdraw equity from your home is when you sell it)? Although it is horrible for those impacted, we need a "great reset" to get Britain back on its feet. If you are struggling to pay your mortgage with no realistic prospect of succeeding, it is probably easier to declare yourself bankrupt. Six years later, you can start again with a clean sheet. Very little of the money borrowed from banks is "real" anyway - you are not stealing from depositors when you don't pay your debts, just the banks themselves - and in most cases they've created the money out of thin air. Google "fractional reserve banking" to find out how. JamesYoung
  • Score: 0

11:35am Tue 19 Aug 14

Speak Up1 says...

The Olympic Legacy....
The Olympic Legacy.... Speak Up1
  • Score: 0

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