Scottish repossessions set to soar

Home | Contact Us | Our Services | About Us
Europa Mortgages - Spanish Mortgage in Spain
Need help with your mortgage? Use our 24-Hour Helpline - Call (+34) 637 451 649
Mortgage Services
Mortgage Enquiries
Mortgage Guide
Mortgage Calculator
Interest-Only Mortgages
Spanish Commercial Finance
Financial News
Documentation Required
Euribor Information
Mortgage Resources
Spanish NIE Numbers
Foreign Currency
Foreign Currency Exchange
Foreign Currency in Spain
Practical Steps
Overseas Mortgage Payments
More Advice on Currency
Spanish Property
Spanish Property
The Village
Spanish Property Rentals
Buyers Guide
Inheritance Tax
Useful Spanish Phrases
Need a mortgage in Spain? Get more information now.
Scottish repossessions set to soar

News Article Date: Wednesday 04th of November 2009

Shelter Scotland is warning that mortgage repossessions will rise sharply in the months ahead, unless radical action is taken. According to the homeless charity, Scottish Sheriff Court figures show a 20% rise in mortgage actions taken by courts between 2008 and 2009, and a 50% rise in decrees for ejection granted in the past year. The charity’s director, Graeme Brown, is calling for radical action and says he commends Scottish Government proposals to support struggling home-owners. Currently, ministers are working on the Home Owner and Debtor Protection (Scotland) Bill. The new measures should reduce the risk of people losing their homes by demanding that action taken by lenders is examined closely by the courts to ensure every reasonable alternative to repossession has been considered. However, Mr Brown warns that lenders must not let proper scrutiny of the proposed legislation drift into “carping” about unnecessary regulation at a time when more families than ever are losing their homes.
Send us a mortgage enquiry for your mortgage requirements in Spain, France, Portugal, Cyprus, Florida, Dubai and Turkey Click here to send a Spanish mortgage enquiry
Follow our mortgage blog – the latest news and often irreverent views Click here to follow our overseas mortgage blog Thanks for reading

- • -

For advice and a free quotation please fill out a Spanish mortgage enquiry.

Home | Mortgage Enquiries | Our Services | About Us | Contact Us | Mortgage Resources
Europa Mortgages - Tel (+34) 637 451 649 - Fax +44 207 681 1265
© 2004-2007 Europa Mortgages SC (CIF - G92654250). All rights reserved. No unauthorised copying permitted.

Web Design in Spain by abOriginal