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A large increase expected in repossessions next year

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  • A large increase expected in repossessions next year

    The Repossessions Advice Centre (RAC) has forecasted that 2008 could see an increase in repossessions with homeowners having an ‘extremely tough year’. The predictions echo those of the Royal Institution of Charted Surveyor (Rics), who also forecasted an increase in repossessions by 30% over the next year.Paul Fletcher of the RAC said several fixed-rate mortgages [...]

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