Court Actions for repossessions hit six year high

Jan. 28, 2005
Court actions for home repossessions have hit a six-year high as interest rates make mortgage payments harder to meet. The Department for Constitutional Affairs said there were 20,667 new mortgage possession actions in the fourth quarter of last year, up 15% from the year before. Only a limited number of these actions progress to full repossession, and Council of Mortgage …

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