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Arrears and repossessions warning

Series: Council of Mortgage Lenders Press Release ; 31 July 2002, (2)Publication details: 2002Subject(s): Summary: Council of Mortgage Lenders has warned that growing unemployment and slower house price increases are set to produce a rise in arrears and repossessions. This follows a six month period at beginning of 2002 when a combination of low unemployment and interest rates, and rising property prices, had produced favourable conditions for home-owners. www.cml.org.uk/servlet/dycon/zt-cml/cml/live/en/cml/press_releases_2002_0731
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News article London News article WB3828-10 (Browse shelf(Opens below)) 1 Available 119147-1001

Council of Mortgage Lenders has warned that growing unemployment and slower house price increases are set to produce a rise in arrears and repossessions. This follows a six month period at beginning of 2002 when a combination of low unemployment and interest rates, and rising property prices, had produced favourable conditions for home-owners. www.cml.org.uk/servlet/dycon/zt-cml/cml/live/en/cml/press_releases_2002_0731