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Consumers ignore warnings of soaring mortgage repossession orders to transfer credit card debt to home loans - says Grant Thornton

25 November 2005

Despite soaring levels of mortgage repossession orders, the total value of approvals for mortgage loans has rocketed by 40% (from £6.7bn - £9.4bn) during October 2005 and the corresponding period last year, whilst the actual number of loan approvals has risen by 23%, according to the latest statistics issued today by the British Bankers' Association and analysed by Grant Thornton's personal insolvency practice. With credit card borrowing rising at a slower rate over the last few months, the indications are that consumers are transferring credit card debt to home loans.

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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