Thurrock has been ranked as the borough with the third highest number of home repossessions, with almost 43 in every 100,000 being taken.

Following an investigation by Sellfasthouse.uk, Thurrock was found to have more repossessions than any other borough below Manchester.

The only boroughs in England and Wales to rank higher than Thurrock were Middlesborough (1) with 44.3 homes being repossessed and Oldham (2) with 43.6.

Nearby Castle Point also ranked in the top 20 at number 11 with 37.2 homes in every 100,000 being repossessed.

Thurrock Gazette:

Infographic by Sellhousefast.uk

According to leading debt charity, StepChange mortgage arrears is – jointly with council tax – the biggest source of debt in households across the UK, at 31%.

Taking priority over other concerns such as water bills (24.4%), rent (22.2%) and hire purchases (20.6%.) Typically, the average arrears amount, relative to mortgage, is a total of £3,581.

However, further information from StepChange declares household mortgages or secured loan debt remains the highest priority bill, for homeowners in England and Wales and it is therefore concurrent that those who are struggling must seek advice – before it’s too late and house repossession occurs.

Managing director of Sellhousefast.uk, Robby Du Toit comments: “The prospect of repossession is daunting – and rightly so. Every year, it is expected 100,000 families in the UK will lose their homes to missed mortgage payments.

"However, it is important to remember there are resources that can provide guidance, help and comfort relative to your circumstance – should you face a possession claim or order.

"In the first instance, I would recommend speaking to a legal adviser and in turn, your lender. You can talk to your lender about your arrears at any point, even if they’ve started legal action. Communication – at all levels – is key.”