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lewissheridan

Home Repossessions 'rise By 30%'

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The number of people having their homes repossessed has surged, the Council of Mortgage Lenders (CML) has said.

An estimated 14,000 properties were repossessed in the first six months of the year, a 30% increase on the same time last year.

But while the number of people losing their homes rose, the number of mortgages in arrears came in at 125,000 - 3% down on the same period last year.

Official figures also show the number of

Don't you just love the 'But while the number of people losing their homes rose, the number of mortgages in arrears is down on the same period last year' :blink: So that's okay then ! The recency effect will have the mindless reading that and psychologically going away with there's some positive news there. Would the arrears stat decreasing be because they're being repossed per chance ?

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i know someone who works for Abbey and he confided in me in February this year that they were expecting house repossessions to go through the roof this year - so it's not been much of a suprise to me all the articles on it.

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