belfasttelegraph

Wednesday 22 May 2013

Seizure of homes by banks at new high

The number of repossession actions in Northern Ireland has hit a five-year high, it has been revealed.

There were 1,124 cases received in the courts from July to September — a 12% increase on the same period the previous year.

Lauren Kerr, policy officer at Citizen's Advice, said more people than ever were coming through their doors.

“Economists would say we are starting to come out of recession but the demand for debt services is still massive,” she said. “It is as high now as it was at the peak of the recession and is showing no sign of decreasing.”

Not all writs and summonses lead to eviction or repossession.

Over the last five years the number of applications each year has increased from 2,152 to 3,628.

Ms Kerr added that some people came to Citizen's Advice when they were already mired in debt.

“Some of our clients would have received a lot of letters and not been able to face opening them, but there is always something that can be done,” she said.

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