House Repossessions Down in 2012
The Council of Mortgage Lenders have announced UK house repossessions have fallen to their lowest level since 2007. In 2012 a total of 33,900 houses were repossessed, which was significantly lower than the 45,000 previously predicted. The reduction in house repossessions is due to record low interest rates and lenders showing restraint. In 2007, just before the financial crisis 25,000 houses were repossessed. House repossessions peaked in 2009 to 48,900.
If you are behind on mortgage payments and fearing a house repossession get in touch with us today. At Stewart Property Buyers we can stop your house repossession the same day you get in touch with us. Fill in our enquiry form for an immediate call back, or call 0800 324 7875 and stop house repossession today.