‘Radicalaction’ to save homes

The Government has been urged to take “radical” steps to stem the flow of house repossessions, as thousands of families face up to the threat of losing their homes.

Data from the Courts Service showed, that since the start of this year, 7,101 civil bills for repossession have been lodged by banks.

The figure prompted claims by the Irish Mortgage Holders Organisation that as many as 25,000 homes could be repossessed this year alone, although New Beginning suggested it could take two years for that number of properties to be dealt with in the courts.