x404.co.uk
http://www.x404.co.uk/forum/

Repossessions up 50% in a year
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=605		 Page 1 of 1
Author:  MrStevenRogers [ Sat May 16, 2009 7:45 am ]
Post subject:  Repossessions up 50% in a year
Quote:
The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said.

This was up 23% from the 10,400 in the previous three months and 50% up on the 8,500 in the same period last year.

The CML has predicted that 75,000 homes will be repossessed in 2009, almost double the 40,000 of last year.


things can only get better ? …

http://news.bbc.co.uk/1/hi/business/8051510.stm
Author:  pcernie [ Sat May 16, 2009 12:38 pm ]
Post subject:  Re: Repossessions up 50% in a year
I laugh when you get 'Mortgage take-up rises in April', and the story says something like 'a slight increase in the rate of people buying homes', which really means two more whole couples bought a house than last month :lol:
Author:  paulzolo [ Mon May 18, 2009 2:31 pm ]
Post subject:  Re: Repossessions up 50% in a year
Buying a repossession can be the cheapest way of getting a house. The number of cheap properties hitting the market in this way could start to bring life into the housing market.
Author:  veato [ Mon May 18, 2009 2:54 pm ]
Post subject:  Re: Repossessions up 50% in a year
----> wants to buy but hasnt got the whopping deposit I now need :(
Author:  pcernie [ Mon May 18, 2009 9:24 pm ]
Post subject:  Re: Repossessions up 50% in a year
veato wrote:
----> wants to buy but hasnt got the whopping deposit I now need :(


Has the whopping deposit needed, but is letting the market fall further - if Darling says the economy will get better next year, you bloody know it won't! ;)
Page 1 of 1 All times are UTC
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/