Corby one of worst towns in country for repossessions

File picture
File picture

More than 400 homes in Corby have been repossessed in the past year according to new figures released today.

The town is named as the 18th worst place in the country for the level of homes that have been handed back to the mortgage lender after householders failed to keep up repayments.

With 423 repossessions in the past year, it is the second worst place in the region after Nottingham, which had more than 2,000 homes taken back by banks.

The statistics from housing charity Shelter, derived from Ministry of Justice figures, show that there were 301 repossessions in Wellingborough and 314 in East Northamptonshire.

Across the East Midlands, 43 households per day are at risk of losing their home.

Bosses at Shelter are warning that sky high housing costs are pushing more and more families in the East Midlands to the brink. With finances stretched to bursting point, just one thing, such as an illness or job loss, can be all it takes to leave a family facing losing their home.

Shelter is currently struggling to meet demand for its services and is calling for support so that it can help more people stay in their homes. Since 2011, across the country the charity has seen the number of callers struggling with rent arrears more than double, while those calling about mortgage arrears rose by nearly a fifth.

Campbell Robb, chief executive of Shelter, said: “43 households at risk of losing their home every day is 43 too many. Each one of these will have had their lives turned upside down by this experience, as they faced seeing their home, the foundation of their life, ripped away from underneath them.

“Tragically we are seeing more and more people coming to us for help, people who have been struggling to make ends meet and then just one change of circumstances has pushed them spiralling towards homelessness. We urgently need people’s support so we can help more people in the East Midlands avoid the nightmare of losing their home.”