Quarter 2 sees repossession levels fall

The second quarter of this year has seen repossession levels fall in the UK according to a recent report. Repossessions have been rocketing in the UK as a result of the global credit crunch and high interest rates. Read more

Tags: repossessions, high interest rates, Mortgages, industry, repossession, lenders, repossession levels, mortgage defaults

Repossession hitting many households each day

Many households in the UK are being forced out of their homes through repossession on a daily basis according to recently released figures, with around 125 families a day having had their homes taken off them. An increasing number of people have been falling into arrears with their mortgages, not just because of higher interest rates, which have now fallen considerably, but also as a result of higher living costs, increased bills, and job losses. Read more

Tags: vulnerable households, repossession, Mortgages, Personal property law, repossession levels, homeowners