Repossession hitting many households each day

December 17, 2008 by admin  
Filed under News, News-Mortgages

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