Friday, 21 February 2014

Repossessions Fall To Lowest Level Since 2007

The number of home repossessions by banks and building societies fell to its lowest annual level for six years a report shows. The Council of Mortgage Lenders, which represents 95 per cent of home loan providers in Britain, said 28,900 people had a property repossessed in 2013, 5,000 lower than in 2012. It said low interest rates, relatively strong employment and good relationships between lenders and borrowers helped to push the number of people losing their home downwards. Read more on the Daily Mail website.

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