
I’ve been contacted by ITN News regarding current repossessions rates and a survey that they are currently doing for a news item. I’ve sent a reply back to them with as much information that I can give, I hope it will be helpful to them.
They will probably want Sell and Rent back information soon too (The HM Treasury did).
Here’s the email they sent me:
My name is G… B… and I work on the consumer desk for ITV news. We are conducting a survey to do a story on repossessions - here are the details. I hope you can help - we wanted a new angle and who better than the people who help others in this situation. Here are the details…
We are putting together a survey on repossessions by calling the advice websites and centres and asking these generic questions. We feel it important to show that this is a current situation affecting many peoples lives. Can you let me know if you are able to take part. We will be pulling together all the data hopefully exclusively for the Ten O’clock news. Here are the key generic questions.
1.) How many people have contacted you concerned about being repossessed over the last year?
2.) How many of your clients have actually been repossessed in the last twelve months?
3.) What is the minimum amount of months in which a consumer has been taken to court?
4.) What type of mortgage is getting the majority of your clients into financial difficulty?
5.) What is the most common age range of people that contact you about repossession concerns?
6.) In a typical arrears case, how many extra charges are added by the lender when going through the process? For example some lenders have monthly arrears charges and litigation costs.
Do you have any case studies of people that we could film with?
Please contact me if you have any further questions. Let me know if there are other questions that you feel beneficial to add to the survey.
Thanks
GB
I’ll contact some of my clients soon and see if they want to appear on the news. I can just imagine Trevor McDonald reading the news reporting about increased repossessions with all the interest rate rises, followed by an interview with one of my tenants about their whole experience. That will be strange to watch especially if they mention me or my company!
February 2 2008
There are 4 comments
hahah, good stuff, moving on up! u could get free advertisement, but steer clear of the neg. associations of house-price falls!
was this that recent programme on ITV called repossession, repossession, repossession ?
This is good. You will get more exposure if your tenant mentions you on the news! If they could put a good word in, you’ll get a lot of referrals.
still…no one gets the real story…
repossession rates ahve only increased in the last 3 years in the sub prime market
the subprime market operate a debt collection type agency only as the mortgage is part of an SPV only type entity.
They cannot comply or meet with any CML/FSA rules on arrears management.
Get with the real story ITN.
Taffr