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Repossessions leap 48%

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08-09-2008, 01:02 AM

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Repossessions leap 48%

The number of home repossessions rose by 48% in the first six months of the year, to 18,900.When compared with the second half of 2007 the figure is 41% ahead. Latest intelligence from the Council of Mortgage Lenders (CML) also shows an increase in the number of homeowners falling behind with their mortgage payments. Arrears [...]

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