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Repossessions rise by 21%

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02-08-2008, 01:10 PM

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Repossessions rise by 21%

Repossessions rose 21% during 2007, to their highest level since 1999.The number of homeowners evicted stood at 27,100 but the figure could have been higher without the burgeoning of the sale-and-rent back sector.Sale-and-rent back is an unregulated industry that purchases indebted homeowners’ properties at low prices and rents them back to households, often with only [...]

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