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Answer Upon - Repossession Rate Soars In Wales
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Shelter Cymru di
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Repossessions in Wales have risen by a quarter over the past 12 months twice as high as the rate in England, new figures have revealed.
According to the Department for Constitutional Affairs, the number of claims issued for repossessions in Wales grew by 26 per cent, compared to 13 per cent in England.
Experts believe that a combination of low incomes, rising interest rates and flexible lending schemes is leading to serious affordability problems.
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According to the Department for Constitutional Affairs, the number of claims issued for repossessions in Wales grew by 26 per cent, compared to 13 per cent in England.
Experts believe that a combination of low incomes, rising interest rates and flexible lending schemes is leading to serious affordability problems.
Shelter Cymru di
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Experts believe that a combination of low incomes, rising interest rates and flexible lending schemes is leading to serious affordability problems.
Shelter Cymru di
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Experts believe that a combination of low incomes, rising interest rates and flexible lending schemes is leading to serious affordability problems.
Shelter Cymru di
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Shelter Cymru director John Puzey told Inside Housing: "The Welsh have a lower than average income than residents in the UK, but the ratio between house prices and income is much lower in Wales.
"Those with the lowest income often live in areas such as Pembrokeshire, with the highest house prices."
Mortgage repossessions throughout the whole of the UK totalled 17,000 last year, a 65 per cent increase on 2005.
One million fall
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