Repossessions may rise
Repossessions may rise
- 1997
- Times 8 November 1997, 54(1) .
Repossessions are set to rise as the gap between state aid and mortgage repayments widens. The government continues to calculate benefits at an interest rate of 7.57%, causing borrowers on variable rates of up to 8.45% to fall into arrears.
COUNCIL OF MORTGAGE LENDERS
HOUSING BENEFIT
INTEREST RATES
MORTGAGE ARREARS
MORTGAGE RATES
REPOSSESSIONS
Repossessions are set to rise as the gap between state aid and mortgage repayments widens. The government continues to calculate benefits at an interest rate of 7.57%, causing borrowers on variable rates of up to 8.45% to fall into arrears.
COUNCIL OF MORTGAGE LENDERS
HOUSING BENEFIT
INTEREST RATES
MORTGAGE ARREARS
MORTGAGE RATES
REPOSSESSIONS