Housing repossession "should be very last resort" (Fylde Liberal Democrats)

Fylde Liberal Democrats <info@fyldelibdems.org.uk>

Housing repossession "should be very last resort"

October 11, 2008 8:23 AM

House repossessions rising

Repossessing homes by banks should be an absolute last resort, say Liberal Democrat campaigners in Fylde. Professor Bill Winlow, Parliamentary Spokesman for Fylde Liberal Democrats, has backed calls by Lib Dem Shadow Chancellor Vince Cable MP to demand that banks do everything possible to help people stay in their homes. Too often banks have people who miss mortgage payments, often because they have lost their job, thrown out onto the street.

Prof. Bill Winlow "Many people remember the horrors of repossession and eviction under the last Conservative government," said Professor Winlow. "Now that the economy is going sour under Labour, the last thing we want is a repeat of the terrible Tory years."

Liberal Democrats have put forward a package of policies to help struggling households stay in their home. These include:

· Selling part of the equity in their home to the Council or housing association, but then renting it back

· Allowing councils to buy completed or partly completed new homes that cannot be sold so that they can be rented out to residents who can no longer get a mortgage.

Bill Winlow, Parliamentary Spokesman, Fylde Liberal Democrats