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Arrears and repossessions warning

Arrears and repossessions warning - 2002 - Council of Mortgage Lenders Press Release 31 July 2002, (2) .

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

Subjects--Topical Terms:
MORTGAGES
MORTGAGE LENDERS
INTEREST RATES
PROPERTY PRICES
MORTGAGE ARREARS
REPOSSESSIONS

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