Repossessions 'destroy lives' says MP

George Mudie, MP for Leeds East, introduced a 10-minute rule bill to the House of Commons yesterday, following prime ministers questions, which he says addresses the problem of those on low incomes losing their homes despite owing relatively low sums in mortgage arrears. Mudie says he is concerned by the growth in mortgage repossessions in recent years as property has become more unaffordable for the low-paid. Orders for mortgage repossessions made in the first quarter of 2006 in England and Wales rose 57% on the same period last year, according to government figures published recentl...