Thursday, May 8, 2008

Home repossessions expected to hit 45,000

By Rosa Prince, Political Correspondent Last Updated: 2:34AM BST 09/05/2008

The number of home owners who have had their properties repossessed has increased substantially since last year, figures are expected to show.
The Council of Mortgage Lenders has estimated that repossessions will reach 45,000 this year against 8,000 four years ago.
Statistics recording the number of court repossession orders issued in the first quarter of 2008 will give the first proper indication of the impact of the global credit crisis on mortgage holders.

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