Bolton Sub Prime

A staggering 15,152 homes in Bolton North East could be at risk of defaulting on mortgage payments and losing their homes. Data from Experian, the credit agency, shows that the households have a ‘sub-prime loan exposure’, and may be now struggling with debt. This represents around 40% of the homes across the Bolton North East constituency.

Meanwhile, the latest Government figures show that 711homes were hit with repossession orders at

Bolton County Court
in 2007, up 50% on the previous year. The Bank of England has also warned that banks and building societies are planning to cut back their lending further in coming months.

Deborah Dunleavy, the Conservative Parliamentary Candidate for Bolton North East said: “These figures are yet more worrying evidence that our economy is built on debt. Thousands of families across Bolton are nowexposed to the possibility of losing their home. With many households facing soaring bills as their fixed rates come to an end, mortgage lenders should do more to help home owners with the soaring cost of living and help reduce the hardship.”

Promoted by David Greenhalgh on behalf of Deborah Dunleavy, both of Bolton North East Conservatives Campaign Centre, 426 Blackburn Road, Bolton BL1 8NL
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