Repossessions up by 17%
The number of repossession orders issued in England and Wales is up by 17% in the first quarter of this year (2008).There were 27,530 orders made, against 23,438 for the same period of 2007.
The number of mortgage possession claims - the first stage of the repossession process - was also up, with 36,688 claims in the first quarter, up 16% on the previous year.
The greatest increase in repossession orders was in Wales, where the numbers were up 26%.
A number of factors are being blamed for this increase, including the credit crunch and subsequent increase in some mortgage payments, and rising household bills.
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