Number of UK repossessions set to soar

The number of repossessed homes in the UK looks set to soar next year to levels not seen since the 1990s house price crash, a trade body predicted today.

Number of UK repossessions set to soar
Mon, 29 Oct, 2007 - 15:32

The number of repossessed homes in the UK looks set to soar next year to levels not seen since the 1990s house price crash, a trade body predicted today.

At the same time house prices will edge ahead by just 1% in 2008 and property sales will fall by 15%, according to the Council of Mortgage Lenders.

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