Tuesday, October 28, 2008

House prices down – repossessions up

Repossession total 'is up by 71%'

The number of people losing their homes after failing to meet their mortgage repayments climbed sharply, says the UK's financial watchdog. The number of repossessions in the second quarter of the year was up 71% compared with the same period a year earlier, at 11,054. The Financial Services Authority said the number of consumers struggling to clear their home loan arrears was up. This comes after the Bank of England predicted more woe for homeowners.

Posted by jack c @ 11:03 AM (700 views)
Please complete the required fields.

2 thoughts on “House prices down – repossessions up

  • Just how newscasters, anybody, can present details of families facing neg eq and eviction alongside a £5trillion bank bailout is beyond my comprehension.

    How ‘we the people’ can be so complacent is explanable but very sad.

    Please complete the required fields.

  • when is the BOE gonna cut those rates ? They are still in denial. I used to say, if you cannot get a job in a bank, you ll get one at the FSA or the BOE.Rhose blue strippy suit do my head in.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>