40,000 repossessions in 2008

The Council of Mortgage Lenders have announced last year’s repossession figures.

There were 40,000 repossessions in 2008, which represents a 54% increase on 2007’s levels.

The rise is blamed on the lack of affordable mortgage deals, plus rising costs and growing unemployment.

One Response to “40,000 repossessions in 2008”

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