MSP From Lothian Urges Lenders to Help Mortgage Defaulters
THE ARTICLES SHOWN ARE FOR INFORMATION ONLY AND DO NOT CONSTITUTE ADVICE OR RECOMMENDATION
Mortgage lenders have been urged to show more understanding when dealing with missed mortgage repayments during the recession, a Lothians MSP has stated.
Gavin Brown a leading Conservative MSP said more help had to be given to hard-up home owners after figures showed there were more than 800 orders for repossession last year.
He said: “The number of repossession decrees issued in Edinburgh is worrying and only likely to get worse as the recession continues.
“These statistics represent families in serious difficulty and leave homeowners across the city exposed to the real possibility of losing their home. It’s in no-one’s interests if homeowners cannot keep up with the repayments on their homes.”
Posted in Mortgage news |