UK Politics

Liberal Democratic Party: Repossession figures show Labour failing those suffering most says Teather

Press Release   •   Feb 12, 2010 10:12 GMT

“It is completely unacceptable that more than 100 families a day are being thrown out of their homes," said the Liberal Democrat Shadow Housing Minister.

Commenting on Council of Mortgage Lending figures showing repossessions at a 14-year high, Sarah Teather said:

“Labour stoked up the housing market by allowing reckless lending and is now failing to help those who are suffering most.

“It is completely unacceptable that more than 100 families a day are being thrown out of their homes.

“The courts need to be given more powers to intervene in repossession cases so that repossession is only ever a last resort.

“With mortgage rescue only helping a tiny fraction of those in need, the Government needs to get its act together fast.”