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CML predicts repossessions will rise to 75,000 in 2009

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  • CML predicts repossessions will rise to 75,000 in 2009

    House repossessions will rise to 75,000 by the end of 2009. This would be an increase of 67% on the 2008 figure of 45,000 repossessions. The number of households more than three months behind with their repayments will reach 500,000 during the year.This gloomy prediction by the Council of Mortgage Lenders (CML) is seen as [...]

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