The Council of Mortgage Lenders Quarter 2 report headline ‘Possessions Fall and Arrears Flatten’ meant that things looked good going into the third quarter…

A brief tour of the Council of Mortgage Lenders website gives much food for thought; and it is obvoiusly a superb source of housing market statistics. We plan to publish (and comment on) these statistics on a regular basis.

The total number of UK homes taken into possession by mortgage lenders has reached 40,000 in the UK for 2008. This is a 12 year high, according to figures from the Council of Mortgage Lenders. There were approximately 10,400 properties repossessed in the Q4 2008, which is down from 11,100 in Q3 2008. Despite this [...]

London house repossessions London house repossession – what’s happening in the City? All of the UK’s regions are suffering, with Wales in particular facing an alarming rise in home repossessions. But what’s happening in London? London, house repossession percentages during the first quarter of 2008 were actually lower than 2007. London is traditionally viewed as [...]

The latest government report on house repossession for Q2 2008 was published 15 August 2008. No surprise that there has been a marked increase throughout the UK. • The figures report how many possession proceedings have been issued, and how many orders for possession have been made by the county courts. • Since many of [...]