Support Service Launched as Repossessions Spiral

Now a Mortgage Advice Line has been launched to offer free advice to homeowners worried about their mortgage.

Aswell as offering free independent advice on mortgage worries, the advisors will be able to give callers advice on benefits that they may be entitled to and direct them to the correct agencies for further support.

Peter McGuire, Somerset Recession Impact Coordinator, said " Over the last couple of years the number of home owners that are struggling to pay their mortgages has increased signifigantly.  The international credit crunch has meant repossession claims have increased dramatically in Somerset over the period.

Tyhe new phone line has been set up in partnership with the district council and CAB.  The line is opne from 9am to 4pm Mon to Fri with late opening on Wed until 6.30pm or can be accessed online at www.somersetsupport.co.uk

The recession has hit homeowners hard: around 400,000 mortgage accounts are currently in arrears across the UK. With household incomes coming under continued pressure, more people will face the prospect of losing their home over the course of 2010.  

Details follow of the amount of mortgage possession claims issued in Somerset

 Mortgage Possession claims issues:

 

    1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009



 

375

435

360

365

380

475

740

805

820

890

570

Somerset 

 

95

95

80

75

85

105

155

175

170

165

110

Mendip

 

45

120

75

95

90

140

170

225

230

225

150

Sedgemoor

 

120

115

110

115

125

130

235

225

250

290

155

South Somerset

 

95

85

75

60

60

75

135

130

125

170

120

Taunton Deane

 

20

25

20

20

20

25

45

50

45

40

35

West Somerset

 

 

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