Thursday, Aug 12, 2010
Can we have HPC without high repossessions?
BBC News: Home repossessions fall further in UK
Lenders seized 9,400 properties in April, May and June, 400 fewer than in the first quarter of 2010, according to the Council of Mortgage Lenders (CML). Repossessions have now fallen for three quarters in a row since they reached a peak of 12,100 last September. The number of mortgages in arrears also fell, dropping 5% during the quarter to stand at 178,200 at the end of June. However, the CML's director general, Michael Coogan, said the situation was "far from a healthy all-clear".
Posted by quiet guy @ 07:18 PM (475 views) Add Comment
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