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News Tag: Home repossessions

October 19, 2012

Average rent rises to all-time high

by Jan Harris
Average rent rises to all-time high
The average rent on a home in England and Wales increased to £741 a month in September, according to the latest buy-to-let index from LSL Property Services. This was 1.1 per cent higher than the average rent of £734 in August and represents a new record high. However the rate of increase has slowed, from 1.2 per cent in August. On a ...




May 10, 2012

Home repossessions stop rising

by Jan Harris
Home repossessions stop rising
The first quarter of 2012 saw 9,600 homes repossessed, the same as in the first quarter of 2011, breaking a run of year-on-year increases. According to the latest figures from the Council of Mortgage Lenders (CML), repossessions were 10 per cent higher than in the fourth quarter of 2011, when 8,700 homes were repossessed. However this is in line with the usual seasonal fall ...




February 9, 2012

Home repossessions lowest for four years

by Jan Harris
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders' forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, with unemployment in the UK reaching 8.4% in ...