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Posts Tagged ‘arrears’

2009 high for UK repossessions

UK repossessions reached an all-time high in 2009 topping 46,000 for the year; 15% higher than 2008 according to the latest figures from the Council of Mortgage Lenders (CML).


Nationwide Building Society has revealed a “solid performance” for the six months to 30 September, despite a drop in underlying profits of £205 million to £117m compared to 2008.


According to the Council of Mortgage Lenders (CML), the number of repossessed homes has risen by almost 50% from 2008 to 2009.


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