Highest Repossession Rates In 14 Years

Published on February 25, 2010 | Author: admin

Filed Under Housing Market News | Leave a Comment 

 

How to avoid your home being repossessed?

 

The Council of Mortgage Lenders have detailed that an average or 126 homes a day were repossessed in 2009.  The total number of repossessions reached 46,000, the highest in 14 years. 

The good news is that the rate of repossession is apparently slowing down with 13% less repossessions in the fourth quarter of 2009 than the third.  However, at the end of the year 188,300 mortgages were still in arrears. 

If you need help to avoid repossession, call Quick Cash For Properties on 0800 933 6137 and leave everything to our repossession experts.

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