Scottish housing charity Shelter Scotland believe that the number of repossessions could continue to rise dramatically if countering action isn’t taken soon. In Scotland alone, figures show a 20% rise in mortgage actions and a 50% rise in decrees granted. Speaking in support of a Govt. initiative, the charities Director, Graeme Brown said: “The action the Scottish Government has taken to offer additional protection to homeowners has been timely”.
The figures for house repossession across the entire UK are at their highest for a decade and with more figures being released every week, the number don’t make good reading. For many home-owners in financial difficulty, charites such as the Citizens Advice Bureau (CAB) and Shelter Scotland provide invaluable and impartial support and advice.
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