- Wednesday, 21 October 2009The number of Britons entering into
individual voluntary agreements could rise as a result of an increase in the number of homeowners seeking advice about repossessions.
Figures from Property Portfolio Rescue (PPR) indicate the number of people enquiring about repossessions in the last quarter increased by more than 25 per cent.
Chris Jenkins, co-owner of the Homeowners Advice Centre, said widespread assertions that the economy was improving did not mean that each individual financial situation had improved.
He commented: "Despite bold statements made by some that the housing market and general economic outlook are becoming more favourable, there are still many ordinary people and organisations that are struggling."
According to PPR, the midlands and the north were the worst hit areas with regards to repossession advice rate increases, with a year-on-year rise of 60 per cent in the last three months.
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