Home repossessions fall again but concerns remain

 

 

Home repossessions fell for the fifth consecutive quarter at the end of 2010, figures from the Council of Mortgage Lenders (CML) revealed.

 

They also showed that repossessions for 2010 as a whole were down 24 per cent. The total number of homes repossessed stood at 36,300, accounting for just 0.3 per cent of all mortgages. Arrears of 2.5 per cent or more of the outstanding balance fell by 13 per cent on the previous year-end, standing at 169,600

 

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