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News Item

17 November 2010

Mortgage Reposessions continue to decline

It has been reported in the last week that the number of properties reposessed by mortgage lenders has continued to fall, as low interest rates continue to help homeowners pay their mortgages.

For the fourth quarter in a row, the number of reposessions fell from their peak of 12,200.

In the 3 months to October, the number of properties seized was down 5% on the previous quarter, The Council of Mortgage Lenders said.




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