Almost 20% Of Home Repossession Cases Were In the Midlands

A new NUIG report shows the midlands is the second-worst affected.

There are more home repossession cases in the midlands and South East than anywhere else in the country. 

A new NUIG report shows that 18 per cent of cases taken by banks and so-called vulture funds were against homeowners living in the midlands region.

While 19 per cent of the properties were in the South East.

The report also warns that COVID-19 could cause a new wave of homeowners finding themselves in arrears. 

Financial Advisor Padraic Kissane says it's not just mortgages people will struggle to repay:

CEO of the Institute of Professional Auctioneers and Valuers, Castlepollard's Pat Davitt says repossessions are a last resort for banks, but some homeowners do end up in arrears:

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