Repossession jumps 92%
Thursday, February 26th, 2009The Financial Services Authority’s latest mortgage data shows that there has been a dramatic increase in home repossessions.
According to the new figures, repossessions grew by 92% in Q3 of 2009 when compared with the same period in 2007.
The numbers of borrowers missing payments on secured loans also increased by 24% over the period.
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