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Mortgage arrears soar

Language: English Series: Daily Telegraph ; 28 January 1993, 4 | Lord Chancellor`s Department Press Release ; 27 January 1993 (3)Publication details: 1993Subject(s): Summary: The Council of Mortgage Lenders have announced that the number of repossessions in 1992 was 9.3% lower than in the previous year but that the number of homebuyers more than 12 months behind with their mortgage payments soared by 60%.

The Council of Mortgage Lenders have announced that the number of repossessions in 1992 was 9.3% lower than in the previous year but that the number of homebuyers more than 12 months behind with their mortgage payments soared by 60%.