During 2007, repossessions soared by over 20% to hit an 8-year high but this figure was considerably lower than the one forecast by the Council of Mortgage Lenders (CML). Fewer than one in 400 mortgages resulted in repossession last year, according to CML figures. The repossession rate stood at 0.23% for the whole of last [...]

More: 2007 repossessions lower than expectations