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Repossessions set to soar

Language: English Series: Sunday Times ; 2 August 1998, 4.1(1)Publication details: 1998Subject(s): Summary: Latest figures from the Council of Mortgage Lenders (CML) indicate that the number of repossessions could increase dramatically over the next two years as lenders clamp down on homeowners as soon as their properties come out of negative equity.

Latest figures from the Council of Mortgage Lenders (CML) indicate that the number of repossessions could increase dramatically over the next two years as lenders clamp down on homeowners as soon as their properties come out of negative equity.