Legal news

Home repossessions set to rise

Jonathan Winston Jonathan Winston
1 min read

The Council of Mortgage Lenders (CML) is claiming that home repossessions will keep rising during the rest of the year, following a 10% increase in the first quarter of 2012 compared to the same period in 2011.

It predicts a total rise from 37,000 repossessions last year to 54,000 in 2012 which it blames on the continuing financial uncertainty together with higher living costs and squeezed incomes. The CML said that the 10% increase already seen has been as a result of many lenders pushing up their mortgage rates and also tightening their borrowing criteria, leading to a fall in the number of mortgages being approved.

The CML says the government should act to provide at least some temporary benefit to help those struggling to afford their repayments. It says that the Support for Mortgage Interest (SMI) scheme has helped almost 250,000 people who have been having difficulty keeping up with payments. However the government is intending to scale back the scheme next year claiming it is not sustainable.

Client feedback

First time we’d done anything like wills. Monika understood our outline requirements, and guided us carefully through the process through to signing. We were delighted with the service we received from Monika and the team at Winston’s, and would absolutely recommend them to others.
Graeme
I was very pleased with the service provided. Advice provided in a timely and efficient manner, very clear and concise.
Anonymous
Sidraa did the conveyancing on our recent house sale and purchase and she was outstanding. She is so thorough but also keeps you constantly updated removing a lot of the anxiety about the process. She was also ably helped by Paulo. Thank you for all the hard work you put in on our behalf.
Kathryn
Great from start to finish. Kept updated at all times. Michelle was also good at replying to my emails,I would highly recommend to anyone.
Jonathan
Lease has been amazing getting all my documents ready for my house purchase, she was rapid at responding to my email and replying back to any queries I had. I would surely recommend it Winston solicitor to my family and friends.
Fatima
Can’t recommend Winston solicitors enough especially Heidi for all of her help and patience, I was ready to give up with my claim but Heidi showed huge determination and patience in ensuring I got some justice, amazing service and the staff work tirelessly to help their customers
Alannah
I cannot recommend Samira at Winston Solicitors enough. She worked tirelessy to defend our case and her knowledge and professionalism, along with her ongoing support, helped to make a very stressful situation easier to manage. Would I recommmend again, in a heartbeat!
Ben
I used Winston solicitors for the purchase of my first home. They were absolutely fantastic, especially Michelle who was my solicitor. She was so kind and friendly. She answered every question I have and was very responsive and easy to get a hold of. I highly recommend Winston solicitors and Michelle especially:)
Tomas
Contact us