Repossession Crisis

Including: Current Repossession Crisis, Repossessions Crisis, Crisis of Repossessions, Worst Repossessions Crisis, Worst Repossession Crisis, Great Repossession Crisis

14 mentions.

1991 - 2009

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1991

three mentions

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Mortgage lenders must take some of the blame for the Current Repossession Crisis.

Is it not shameless of the Government that their contribution to a Repossession Crisis that they and especially the Prime Minister have created is to offer no new money and, indeed, to make substantial savings out of other people's misery?

Topically, this week we have seen the casualisation of labour, the destabilisation of an economy based on credit, the effects of that on the housing market - that was an important factor in the Great Repossession Crisis - the fact that the typical mortgage is no longer based on a regular income, and the wider effects throughout the economy.

1992

four mentions

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when the Government wanted to create the headlines to give the impression that something was being done about the Repossession Crisis that they had created.

What are they going to do to ensure that there is new investment in housing so that we begin to house our homeless people and start to bring an end to the Repossession Crisis that is gripping my constituency and others around the country?

When considering the wider economic factors, there is also the Crisis of Repossessions, of which there were 75,000 last year.

We saw the Repossession Crisis coming.

1995 to 2000

three mentions

over five years

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The present Crisis of Repossessions, mortgage arrears, negative equity and insecurity springs directly from the house price boom in the 80s.

"I inherited the Worst Repossessions Crisis ever, with over 1 million homes repossessed or in negative equity, and a £19 billion backlog of repair and modernisation work in council housing.

I inherited the Worst Repossession Crisis ever, with more than 1 million homes repossessed or in negative equity, and a £19 billion backlog of repair and modernisation work in council housing.

2004 to 2008

three mentions

over four years

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That rose steadily to about 60,000 at the start of the 1990s - I think that that reflected the Repossessions Crisis of the early 1990s.

That is another reason why the Repossession Crisis is so severe.

They need to understand that what the people want more than anything else is not help when they have a Repossession Crisis, when they have lost their job or when they cannot afford to pay the gas bill, but to see the Government following an economic policy that will get us out of this situation.

2009

one mention

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How far do the Government's proposals match the severity and scale of the Repossession Crisis that we now face?


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