10/08/2007

NI Property Possession Actions Decrease

The number of people in Northern Ireland getting into mortgage repayment difficulties is falling despite the constantly rising interest rates, according to new figures from the Court Service.

The number of actions for possession taken between April and June this year were at their lowest level for four years according to statistics released by the Court Service on Friday.

During the quarter, 584 writs and originating summonses were issued, a reduction of 5 per cent on the same quarter last year. Over the last quarter, the courts disposed of 338 cases.

In 2006 there were 2,523 writs and summonses relating to mortgage issues before the court, a drop of 2 per cent on the previous year.

(SB)

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