Town house repossession figures raise concern

HARTLEPOOL has been listed as being fourth highest in the North-East for the rate of house repossession claims.

New research by housing and homelessness charity Shelter uses the latest figures for 2011/12 to show where across the country homeowners face the highest risk of repossession.

The North-East came out as the region with the highest risk of repossession nationally, with eight out of 12 local authorities in the region classified as repossession risk ‘hotspots’.

Hartlepool is listed fourth in the region and 41st nationwide out of 324 local authority areas, with a rate of repossessions of 5.14 repossession claims per 1,000 homes.

County Durham is second in the region and 35th nationally with a rate of 5.3, while Stockton, which includes Billingham, Wolviston and parts of Wynyard, is seventh regionally and 58th nationally with a rate of 4.83 repossession claims per 1,000 homes.

Chief executive of Shelter, Campbell Robb, said: “Most people think that repossession will never happen to them, however rising unemployment, high living costs and high house prices mean that many people in the North-East are living close to the edge already, and risk falling into a spiral of debt and repossession.”