Repossession Rates Rise

According to figures released by the Council of Mortgage Lenders, house repossessions have increased by a shocking 15% in the first quarter of 2011, making the total number of houses repossessed 9,100 in the UK since the beginning of the year. Are repossession rates on the rise? Despite this leap in repossession rates, figures are still 10% lower than they were this time last year and are the same as the average for the whole of 2010.

Source: http://EzineArticles.com/6469560

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