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Repossessions may rise

Language: English Series: Times ; 8 November 1997, 54(1)Publication details: 1997Subject(s): Summary: 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.

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.