Summary
Jose Da Costa Diogo faces losing his home due to an unpaid interest-only mortgage. Many people in England and Wales are experiencing similar issues, with a rise in home repossessions. Experts link these cases to rising interest rates and living costs.
Key Facts
- Jose Da Costa Diogo cannot pay £80,000 on an interest-only mortgage and risks losing his home.
- His home in Thetford, Norfolk, is subject to repossession after a short court hearing.
- Jose cannot sell the property because his ex-wife is still on the mortgage documents.
- England and Wales saw 10,853 mortgage repossession orders in 2024-25, the highest in five years.
- The number of people reporting homelessness due to repossession doubled over recent years.
- Housing legal aid availability is low, making it hard for many to get legal advice.
- Local councils struggle with increased demand for temporary housing due to repossessions.
