News
Housing Rights Service call on help for struggling homeowners
12 January 2012
The number of people facing losing their homes in Northern Ireland has more than doubled in the last five years. With average prices falling from an all time high of £234,000 in 2007 to £113,6145 last year, levels of repossession are far higher than anywhere else in the UK, according to Housing Rights Service
Focus on support for struggling homeowners.
13 December 2011
Views are being sought on whether people who lose their jobs should have their mortgages paid indefinitely by the state. Under current arrangements, a government scheme offers support to certain benefit recipients who are struggling to keep up payments on their home. The scheme prevents many houses from being repossessed.
Top tips for a debt free Christmas!
30 November 2011
Advice4debtNI have created a fact sheet to help minimise - and where possible, eradicate - the financial hangover resulting from Christmas 2011. Access the "Top Tips" @ http://www.advice4debtni.com/downloads
Debt Relief Orders: A slow start.
10 November 2011
Having been recently introduced to Northern Ireland, the Debt Relief Order (DRO) seems to be off to a slow start, with 34 people entering a DRO between July and September
Rates write off increases 50%
27 October 2011
Recent reports have indicated that the amount of rate debt that has been written off in the period from March 2009 to March 2010 increased by 50% on the prior year's total. The 12 months to March 2010 saw the write off peak at £15M and is expected to rise even further.
Recent statistics on Mortgage Debt in line with Advice4debtNI figures.
13 October 2011
Recent media reports detailing the continued increase in the mortgage debt problem in Northern Ireland are backed up by our own figures at advice4debtNI.
Communicate clearly and fairly, consumer credit businesses warned.
20 September 2011
The OFT is warning companies collecting consumer credit debts to make sure they communicate clearly and fairly and do not mislead consumers after a Tribunal found a business unfit to hold a consumer credit licence.
NI mortgage borrowers' negative equity warning from financial outsourcer HML.
08 September 2011
Financial outsourcer HML’s current analysis of the mortgage market has predicted that if house prices were to fall by 10% then nearly a third of all borrowers in Northern Ireland (93,134 or 30.4%) could be trapped by negative equity.
PPI compensation payments soar in first half of 2011
31 August 2011
Recent figures have shown a huge jump in compensation payments to victims of payment protection insurance (PPI) mis-selling, and this trend is only expected to rise.
Northern Ireland sees 18% rise in personal insolvencies.
09 August 2011
Personal insolvencies in Northern Ireland have hit a new record high in the second quarter of this year.
