Belfast Telegraph

Home repossessions down by 3% in Northern Ireland

By Amanda Poole

The number of homes in Northern Ireland repossessed by mortgage lenders has fallen in the second quarter of the year.

The Northern Ireland Courts Service said 929 writs and originating summonses were issued between April and June 2010 for domestic and commercial properties. This compares to 954 for the same quarter in 2009, showing a 3% decrease in the number of mortgage cases received.

In the first quarter of 2010 there were 1,077 mortgage cases disposed of with 1,088 orders made, compared to 700 mortgage cases disposed of with 704 orders made during the second quarter of this year.

Lucy Cochrane, information and policy officer for Citizens Advice, said it is still very concerned about the large number of people facing repossession action and struggling to manage housing debt.

“While it is good news that less people are being taken to court, it is difficult for us to know how many other people are actually voluntarily handing back their keys to lenders,” Ms Cochrane said.

“Our debt advisers dealt with over £5.5m in mortgage arrears in 2009-2010 which shows how important it is for people to be able to access free debt advice.”

Belfast Telegraph


From Belfast Telegraph