Repossession rise but lag behind lenders? forecast

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Repossession rise but lag behind lenders? forecast

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05-15-2009, 09:28 PM

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Repossession rise but lag behind lenders? forecast

The Council of Mortgage Lenders (CML) has reported that repossessions by first-charge mortgage lenders stood at 12,800 during the first quarter of 2009.The total includes buy-to-let loans but excludes instances where a “receiver of rent” has been appointed as an alternative to repossession.The figure compares with 10,400 repossessions in the final quarter of 2008, and [...]

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