Repossessions 17% lower than in the first quarter of 2012

iStock_000015237111XSmallRepossessions have fallen by 17% when compared to this time last year, according to new data published by the Council of Mortgage Lenders (CML). The repossession rate remained at 0.07% for the first quarter of 2013, meaning that approximately 1 in 1,400 mortgaged properties were repossessed. Mortgage arrears The CML data also shows the numbers of mortgages in arrears has remained unchanged for almost a year. At the end of the first quarter, 159,800 mortgages were in arrears of at least 2.5% of ...