BBC – UK Home Repossessions Up 50% In One Year



A new article today on the BBC website shows shocking new figures illustrating the large number of repossessed homes in the UK.

The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said.

This was up 23% from the 10,400 in the previous three months and 50% up on the 8,500 in the same period last year.

The CML has predicted that 75,000 homes will be repossessed in 2009, almost double the 40,000 of last year.

Read the full article on the BBC News Page

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