Home Repossessions ‘Lowest Since 1982’


House repossessions are on their way down according to the CML.

A total of 7,700 UK homes were repossessed last year compared with 10,200 in 2015, figures from the Council of Mortgage Lenders (CML) show.

“Customers do need to be ready for a time when the outlook may not be so benign, with pressure on real incomes increasing and as interest rates begin to move upwards again,” said CML director general Paul Smee, forecasting a rise in repossessions in 2017.

Source: BBC / CML

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