repossessions

Outlook for repossessions remains uncertain

Update: Thu, 11/02/2010 - 12:54

The number of people losing their homes to repossession hit a 14-year high last year, but mortgage lenders say the outlook for 2010 remains uncertain. Read more

Repossessions slow

Update: Thu, 12/11/2009 - 12:50

Homeowners will be protected from repossession under tighter laws that will make it compulsory for lenders to go through the courts before they can sell customers’ homes. Read more

Northern Rock "improving" despite uncertain outlook

Update: Wed, 04/11/2009 - 11:02

Northern Rock says its financial performance is improving thanks to “encouraging” economic trends, but has warned that the number of mortgage borrowers falling behind with repayments is rising. Read more

Mortgage lender fined over repossession policy

Update: Thu, 29/10/2009 - 12:45

One of the UK’s biggest specialist mortgage lenders has been ordered to pay a record £10.5 million for treating struggling borrowers unfairly and being too ‘trigger-happy’ with repossessions. Read more

New rules to protect vulnerable homeowners

Update: Mon, 28/09/2009 - 13:10

Homeowners who enter into sale and rent back schemes should be told upfront how long they can stay in their homes, the financial watchdog has proposed. Read more

Repossessions up 23%

Update: Wed, 16/09/2009 - 08:53

The number of homeowners losing their properties to repossession jumped 23% in the 12 months to June 2009. Read more

Should you pay for debt advice?

Update: Thu, 03/09/2009 - 11:10

Charities offer free debt advice, but the credit crunch means there might well be a waiting list. Is it then worth paying for help to manage your debt? Read more

Slowing repossessions could be false dawn

Update: Fri, 14/08/2009 - 10:58

The number of people losing their homes to possession during the recession dropped during the spring, but experts warn this fall could be a false dawn. Read more

Lenders too quick to turn to repossession

Update: Fri, 14/08/2009 - 11:21

Some mortgage lenders are using repossession as an alternative profit stream instead of as a last resort, a group of MPs has warned. Read more

Sharp rise in missed mortgage payments

Update: Mon, 22/06/2009 - 14:46

Mortgage lenders are bracing themselves for a near 100% jump in the number of borrowers missing repayments this year - but say there will be fewer repossessions that previously expected. Read more

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