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New Figures Reveal Alarming Rise in Local Home Repossessions
March 13, 2008 9:00 AM
New figures have revealed an alarming increase in the number of local families losing their homes because of difficulties over mortgage payments.
The figures released by the government show that 458 orders for home repossessions in were issued at Bedford county court in 2007. This is a rise of 17% since 2006, and confirms fears that irresponsible lending by banks and Labour's mismanagement of an economy fuelled by runaway credit is causing increasing misery for families.
Commenting on the issue, Bedford Borough Liberal Democrat Group Housing Spokesperson Coun Dave Hodgson said:
"458 home repossession orders means 458 families being turfed out of the house they have lived in, often for many years.'
"Many people remember the boom and bust policies of the last Conservative government that saw tens of thousands of people lose their home because they could not keep up with mortgage payments. Now it looks as though the current Labour Government has blundered into a similar mess.'
"The Government has failed to ensure there are enough homes to meet people's needs. For every ten families on the waiting list in England for social housing in 1997, when Labour came to power, there are now sixteen."
"Gordon Brown has run an economy that has been fuelled by a runaway credit boom he has done little to bring under control. In 2007 458 families in the Bedford area paid the price for growing economic incompetence by Gordon Brown. There are now serious concerns that in 2008, the situation will get worse."
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