Reposessions up by 50%
The number of house repossesions in the UK has risen by 50% in one year, with 12,800 repossessions in the first quarter of 2009. This figure is up 23% on the previous quarter.The Council of Mortgage Lenders has previously predicted that 75,000 homes will be repossessed this year, but despite these figures released today, it has described this forecast as pessimistic and may revise its forecast in the summer.
The number of home loans in arrears of more than 2.5% was up by 12% in the first quarter to 205,300. This is up 62% on the first quarter of 2008.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us
0 Comments:
Post a Comment
Links to this post:
Create a Link