Tuesday, October 30, 2007
Number of Repossessions is Growing
Property repossessions to rise by 50 per cent next year, say lenders
Borrowers in the “adverse credit sector" will be mostly hit."The Council of Mortgage Lenders (CML) predicted that there would be a 50 per cent increase in repossessions in 2008, as well as rising levels of arrears and a fall in house prices in real terms."
Posted by peter @ 02:21 PM (753 views)
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alan says:
The repossession stats for Q3 2007 are due in a few days. This intrepid reporter has obviously bought someone a beer in the government department and found out that repos are about to go up sharply.
No surprises for us, then.