Mortgage Rates

House repossessions to rise in 2012 says CML

December 30, 2011

Next year will witness rising numbers of house repossessions according to the latest estimations from the Council of Mortgage Lenders (CML). The CML reckons that the number of house repossessions will increase to 45,000 in 2012 from 37,000 this year. That’s an increase of 22%. The repossession growth is largely down to increasing unemployment along [...]