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08/02/2008
Home Repossessions On The Rise
The number of people whose homes were repossessed last year rose by more than 20%, according to the latest figures released by the Council of Mortgage Lenders.
The new figures showed that 27,100 homes were taken over by lenders in 2007 after people fell behind with repayments - the highest figure since 1999.
Although the figure is less than the 30,000 which the CML had originally predicted, it still represents a sharp increase from the figure of 8,500 in 2003.
The CML is warning that the number of repossessions could continue to rise this year due to added pressures for homeowners, including higher energy and food prices and an estimated 1.4 million coming off fixed rate mortgage deals and facing rises in their monthly repayments.
(KMcA)
The new figures showed that 27,100 homes were taken over by lenders in 2007 after people fell behind with repayments - the highest figure since 1999.
Although the figure is less than the 30,000 which the CML had originally predicted, it still represents a sharp increase from the figure of 8,500 in 2003.
The CML is warning that the number of repossessions could continue to rise this year due to added pressures for homeowners, including higher energy and food prices and an estimated 1.4 million coming off fixed rate mortgage deals and facing rises in their monthly repayments.
(KMcA)
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21 November 2008
Home Repossessions On The Rise, CML Reveal
The number of homes repossessed by mortgage lenders has risen by 12% to 11,300 in the last three months, new figures have shown. The Council of Mortgage Lenders (CML) also said 1.44% of mortgages were at least three months in arrears as at the end of September 2008.
Home Repossessions On The Rise, CML Reveal
The number of homes repossessed by mortgage lenders has risen by 12% to 11,300 in the last three months, new figures have shown. The Council of Mortgage Lenders (CML) also said 1.44% of mortgages were at least three months in arrears as at the end of September 2008.
20 February 2009
Home Repossessions Rise By Over 50%
The number of people losing their homes has risen by 54%, according to new statistics released today by the Council of Mortgage Lenders (CML). A total of 40,000 properties were repossessed last year, up from 25,900 in 2007.
Home Repossessions Rise By Over 50%
The number of people losing their homes has risen by 54%, according to new statistics released today by the Council of Mortgage Lenders (CML). A total of 40,000 properties were repossessed last year, up from 25,900 in 2007.
03 August 2007
Report Reveals Home Repossessions Rise By Third
A report has revealed the number of repossessions has risen by almost 30% in the first half of this year. The Council of Mortgage Lenders (CML) said an estimated 14,000 properties were repossessed in the first six months of 2007. However, the number of mortgages in arrears totalled at 125,000, which is down 3% on the same period last year.
Report Reveals Home Repossessions Rise By Third
A report has revealed the number of repossessions has risen by almost 30% in the first half of this year. The Council of Mortgage Lenders (CML) said an estimated 14,000 properties were repossessed in the first six months of 2007. However, the number of mortgages in arrears totalled at 125,000, which is down 3% on the same period last year.
15 September 2004
Official figures show big rise in employment rate
Employment levels are up, and the number of people claiming out-of-work benefits is down, according to official figures out today. The number of people in work in the UK was 28.3 million in the three months to July 2004, up 179,000 in a year. Official unemployment figures show a fall of 87,000 to 1.41 million over the same period.
Official figures show big rise in employment rate
Employment levels are up, and the number of people claiming out-of-work benefits is down, according to official figures out today. The number of people in work in the UK was 28.3 million in the three months to July 2004, up 179,000 in a year. Official unemployment figures show a fall of 87,000 to 1.41 million over the same period.
18 December 2009
Review Issues Repossession Warning
The latest edition of the most authoritative guide to the UK housing market calls for the government to extend the safety net for home owners to ensure that repossessions do not continue to rise in 2010 with growing unemployment.
Review Issues Repossession Warning
The latest edition of the most authoritative guide to the UK housing market calls for the government to extend the safety net for home owners to ensure that repossessions do not continue to rise in 2010 with growing unemployment.
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