Sentences with phrase «home repossessions»
"Home repossessions" refers to the process where a lending institution takes back ownership of a house or property from the borrower because they have been unable to repay their mortgage or loan. Full definition
The Building Societies Association (BSA) today publishes a report to urge Government, the industry and consumer groups to work together to help prevent home repossessions.
politics.co.uk
Many people have found themselves in serious financial trouble after the years of recession brought unemployment, often home repossession and limited opportunity of new employment.
This article pertains to rescission periods on refinances, not home repossessions.
But the smart money (if there is any left) has to be on a far longer and deeper recession than the Chancellor can bring himself to admit: job losses on the scale of the early 1980s, an avalanche of business failures and home repossessions and a debt mountain even more menacing than the Atlas conceded in his statement.
The study finds that job loss, home repossession and debt are the main risk factors leading to suicide during economic downturns.