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Home repossessions up 54%

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  • Home repossessions up 54%

    Figures from the Council of Mortgage Lenders (CML) have revealed an alarming rise in the number of people losing their homes in the UK.Repossessions rose last year by 54% to 40,000 (a 12-year high), however, the number was less than the CML had forecasted.Meanwhile, the number of homeowners in arrears surged by 70% according to [...]

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