Thursday, 18 November 2010

Mortgages: Repossession numbers continue to fall

Houses
 

The number of homes repossessed in the UK is continuing to fall as low interest rates help homeowners to keep paying their mortgages.

Lenders seized 8,900 homes in the three months to October - a drop of 5% compared with the previous quarter, the Council of Mortgage Lenders (CML) said.

This was the fourth quarter in a row that numbers have dropped since they reached a peak of 12,200.

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