Repossessions Set to Rise
New figures are expected to show a rise in repossessions as consumers struggle with recent interest rate rises.The new figures from the Ministry of Justice come days after the Council of Mortgage Lenders predicted a 50% rise in repossessions in 2008 to 45,000. These rises are expected because of interest rate rises and lenders tightening their policies since the credit crunch of the last few months.
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