Some 65 "repossession hotspots" have been been identified by housing charity Shelter as unemployment levels rise and more homeowners find themselves in negative equity.

Corby in the East Midlands was found to have the highest rate of at-risk homeowners with some 7.56 per 1,000 - nine times higher than the lowest rate in West Dorset of 0.83.

The Northamptonshire town has the highest proportion of homeowners who have been issued with a possession order for their home over the last 12 months, according to the research.
It is closely followed by Barking and Dagenham and Newham in London; Knowsley, Merseyside and Thurrock, Essex.
A possession order is an advanced stage of the repossession process which means a homeowner is at serious risk of losing their home.

The study by the housing and homelessness charity identified 65 of 324 local authorities as repossession hotspots. Shelter warns that the figures reflect a need for homeowners across the country to prepare for higher mortgage repayments when interest rates rise as expected later this.......Click Link below to read more

Identified In Housing Charity Shelter Study As Unemployment Rises | UK News | Sky News