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Sharp rise in repossession orders revealed by DCA

The Government has revealed a steep rise in the number of repossession orders made by mortgage lenders.

During the third quarter of 2006, 34,626 mortgage possession actions were entered, and a total of 24,017 orders were made – 11,603 of which were suspended orders.

The number of actions entered in that period was 15 per cent higher than in the third quarter of 2005. There was also a rise of 22 per cent in orders made.

The figures from the Department for constitutional Affairs also reveal a rise of 1,446 on the number of actions entered compared to the second quarter of last year.

There are no updated figures on the number of actual repossessed properties as that information is held by the Council of Mortgage Lenders which only publishes data twice a year.

There were 10,310 repossessions last year and 8,140 for the first half of 2006.


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