Town named as repossession hotspot

Newsdesk • Published 28 Jun 2012 06:30 1 Comment

SLOUGH was named as the South East hotspot for homeowners at risk of losing their homes.

The alarming figures, which rank Slough as 11th highest in the country, were released by housing and homelessness charity Shelter yesterday (Thursday).

The 'Repossession Risk Hotspots' revealed Slough had 5.93 possession claims per 1000 homes in 2011/12.

The research uncovered a strong link between rising unemployment and repossession.

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This article appeared in Slough Observer 28 Jun 12

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• 

  JUDGE1066
  277 posts
  Jun 28, 19:02
  Report comment

  Wow and that's with the base rate at 0.5% thank god the Bankers have it all sussed, 0.5% base rate the lowest rate since 1694 yes, 1694 and people are still losing their houses, unfortunately it's all down to greed, many people have used their houses as cash machines, they went up, they extended their mortgage, couple of holidays, new car, keeping up with the Jones's or the Patel's.
  
  So it's the Gubberments fault....wait no!!! it's the Bankers.......it's everyones fault, whatever happened to personal responsibility, if you join a Ponzi scheme make sure you get off early folks ;-)
  
  Recommend?   Yes 11     No 1

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