Repossessions Set To Rise

Published / Last Updated on 23/11/2004

The Council of Mortgage Lenders (CML) has predicted that home repossessions will rise from to over 9000 next year as compared to around 7800 in 2003.  They put this prediction down to increased interest rates. 

Our view

No surprises there then!  As our mortgage payments go up more people will struggle to pay their mortgage.

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