Mortgage arrears and repossessions both fell in the first quarter of 2010, according to the Council of Mortgage Lenders (CML).However, the body warns against complacency, “as a large number of households, who are just coping, still remain vulnerable to shocks that may arise from the economic uncertainty ahead”.During the first three months of the year, [...]

More: Mortgage arrears and repossession down

bring forward a moratorium scheme that would provide for a minimum period of 24 months from the time that mortgages first go into arrears, before repossession proceedings can be taken, where a borrower makes reasonable efforts to meet their obligations to pay the mortgage on a principal private residence. These arrears will rise till the crises are solved