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House owners deeper in debt

Language: English Series: Times ; 18 January 1993, 6(1)Publication details: 1993Subject(s): Summary: The Leeds Permanent Building Society was the only lender to repossess more homes in 1992 than it did in 1991 according to a survey by "Times". Analysts and charities warn that other lenders could follow as they have avoided increasing repossessions only by allowing borrowers to build up longterm arrears.

The Leeds Permanent Building Society was the only lender to repossess more homes in 1992 than it did in 1991 according to a survey by "Times". Analysts and charities warn that other lenders could follow as they have avoided increasing repossessions only by allowing borrowers to build up longterm arrears.