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Renewed fears over repossession rate
7:00am Friday 10th August 2012 in News
NEWLY released figures on home repossession rates makes grim reading for people in the North West, a region which figures prominently on the list.
Compiled by the homeless and housing charity Shelter, the statistics show that St Helens is the 64th local authority out of 324 when it comes to repossession rates.
More worryingly neighbouring Knowsley came second, with the number of repossession claims between 2011 and 2012 at 325, compared with 290 in St Helens.
The rate of claims per 1,000 private homes is 4.62 in St Helens and 7.20 in Knowsley. Wigan is 45th and Warrington was 78th.
The results reveal distinct clusters of hotspots, with an almost unbroken band stretching over the north of England from Merseyside to Humberside.
They also show a strong link between rising unemployment and repossession, with unemployment in hotspot areas rising at a much greater rate than areas with the lowest risk.