Thursday, May 12, 2011
Goes like a rocket
House repossessions up by 15%
Bear food becoming more substantial: "The number of UK homes repossessed by mortgage lenders rocketed by 15% to 9,100 in the first quarter of 2011, according to latest figures from the Council of Mortgage Lenders (CML)."
Posted by letthemfall @ 03:53 PM (2033 views)
3 thoughts on “Goes like a rocket”
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khards says:
In other news repossession went up from 0.07% to 0.08% but were 10% lower than the same period last year.
Does anyone have any figures for what the average rate of repossessions is (pre 2008)
taffee says:
not sure…try this
http://www.repossession-stoppers.com/repossession-statistics/
I do know that in 1991/1992 was the record with 72,000 repos…but then mortgage rates were around 17%!
scary stuff
khards says:
Judging from this:
http://www.guardian.co.uk/money/2008/nov/21/repossessions-mortgages
The average rate of reposessions should be around 20k to 30k per year