Friday November 27, 2020

Shared ownership initiative sees 700 homes repossessed

Of the 689 homes repossessed, 293 were forcibly taken from their owners, with 393 voluntarily surrendered

31st December, 2017
Sinn Féin environment spokesman Eoin Ó Broin said, "Whether it's a standalone body or an added function of the EPA is an open question”.

Local authorities have repossessed almost 700 homes after state-sponsored ‘subprime’ mortgages went into arrears, new figures show.

The homes were bought under the ‘shared ownership’ scheme, which allowed people who would otherwise struggle to afford a home to take out mortgages.

Of the 689 homes repossessed, 293 were forcibly taken from their owners, with 393 voluntarily surrendered.

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