Five year low in number of mortgage repossessions

Advertise here

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

The number of mortgage repossessions dropped to the lowest figure in five years at the end of 2012. The Council of Mortgage Lenders (CML) today reported a fall in the number of properties taken into possession by first-charge residential mortgage lenders from 8,200 in the third quarter of 2012 to 7,700 in the fourth quarter, maintaining a repossession rate of 0.07 percent. It was the lowest quarterly number since the fourth quarter of 2007. On an annual basis, repossessions fell from 37,300 in 201...

Read full article...