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Cork Hit Hard By Housing Emergency & Home Repossessions
Last updated on 16 Sep, 2015
According to figures released by the Court Service, 616 family homes were the subject of repossession orders in the first six months of this year and orders were granted against a further 284 buy-to-let properties during the period. Cork households were particularly hard hit with 91 families losing their home over the period.
The country is in the grips of a housing emergency as we are seeing an increase in the number of home repossessions sweeping the country. The fact that over 600 family homes have already been repossessed since the start of the year is extremely worrying, but what is even more worrying is that 3,395 cases are currently being processed. These are essentially the first stage in the repossession process and an indication of huge number of cases coming down the line.
The problem of long term arrears needs urgent action. There are 37,933 owner occupiers more than two years behind in their mortgage payments. This category now constitutes 36% of all accounts in arrears, and 79% of arrears outstanding.
More and more families are finding themselves with nowhere to go as their homes face repossession and they cannot afford inflated rents. We have seen a 55% surge in the number of homeless families since the start of the year. The failure to tackle the mortgage crisis is playing a significant role in these appalling figures.
My constituency office is inundated with calls for assistance in relation to mortgages and the short supply of private rentals and social housing. How bad does it have to get before the Government starts taking this emergency seriously? It’s now eight months since the disturbing death of homeless man Jonathan Corrie, forcing the Government into a series of press conferences and empty promises of action. Not a single thing has been done since then and the situation has got immeasurably worse.
If you would like to discuss this or any other issue, please contact my office on 021-3420088.