Mon, Sep 22, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Mortgage, Residential property Watch more

UK home repossessions fall to five-year low

Posted on 15 February 2013

Home repossessions in the UK last year fell to their lowest level since 2007, the Council of Mortgage Lenders (CML) reported. Over the course of the year a total of 33,900 homes were seized by residential mortgage lenders, a decrease from 37,300 in 2011. As a result, the rate of repossession fell to 0.30% in 2012 from 0.33% a year earlier.
Additionally, the stock of properties in possession held by lenders at the end of 2012 was the lowest recorded for over five years. The CML stressed that lenders try to keep borrowers in their homes and only take possession as a last resort………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930