The Telegraph newspaper releases new figures stating that there are almost 1,000 homes being repossessed on a weekly basis in the UK. The Council of Mortgage Lenders claim that their predictions of 75,000 homes being repossessed his year may be less than in reality. They claim that the government will be introducing new measures in order to help prevent repossession for homeowners.
Economists on the other hand are less optimistic. They claim that with unemployment figures rising on a daily basis, the number of people struggling to make mortgage repayments will also be increasing and record numbers will be losing their homes.
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- Buy A Repossessed Home
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