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STAGGERING SURGE IN WELSH HOME REPOSESSIONS

August 15, 2008 12:00 AM

Commenting on today's release of mortgage and landlord possession statistics, Jenny Willott, Welsh Liberal Democrat MP for Cardiff Central, said:

"These staggering figures show just how hard many Welsh families are finding it to stay afloat.

"The number of mortgage possession claims is up 22% while mortgage possession orders have risen by 39% in just 3 months - only the Midlands has seen a higher increase.

"It is increasingly clear that Labour's economic boom was underpinned by grossly unsustainable levels of household debt. As the economy feels the heat, Welsh families are the ones getting burnt.

"The Government needs to do everything it can to ease the financial burden on Welsh families struggling to make ends meet before we see a surge in Welsh homelessness as well."

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