CML: Home repossession figures lowest since 2010

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

At 8,500, the amount of household repossessions for the second quarter were at the lowest since the final quarter of 2010.There were 9,600 repossessions in 2012 first quarter, and the reduction in the three months to June was in line with a seasonal pattern that has occured for the last three years.The data from the Council of Mortgage Lenders (CML) also shows that the number of loans with arrears of 2.5% or more of the outstanding balance stood at 157,400 at the end of June - fractionally lower ...

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