Banks get go-ahead to repossess nine homes

NINE repossession orders were granted at the High Court as the mounting effects of the credit crisis were starkly illustrated by the number of cases of people unable to meet their mortgage payments.

A total of 21 cases were heard yesterday out of 45 listed.

In the vast majority of these cases, the people involved were in substantial arrears on their mortgage repayments, with most having not paid anything in the past year.