The Journal: Homeowners need help, not threats.
Housing Minister Caroline Flint may console herself with the fact that repossessions are not yet touching the levels witnessed in the early 1990s, but the trends suggest it may only be a matter of time.
Most worryingly, there is plentiful evidence that mortgage lenders are turning to repossessions as a first rather than last resort, leaving many hard-working families facing the prospect of losing their homes. Shelter says it is seeing more and more cases of lenders showing little compassion or patience in dealing with these cases.
The Government has repeatedly stated that it wants to support those people who, through no fault of their own, are struggling to make ends meet thanks to the growing cost of everyday living.
Sadly, the message does not appear to be reaching the mortgage lenders. This is something that must change.
The Government's recent pledge to provide emergency legal aid to those who face the threat of losing their homes is certainly welcome, but it is a shame more constructive steps cannot be taken to avoid families getting in such a predicament in the first place.