The latest figures from one of the UK’s fastest growing repossession solutions organisation shows that home owners in the UK seeking their help to avoid a repossession has increased by 900% February 08 to June 08.
These figures released today are the latest worrying statistic to come from the housing market. Furthermore they predicted that July will see a 25% rise on these figures taking the overall percentage up to 1200% since they started fully recording date in February.
“Generally the people who request our help or services have several months of mortgage arrears and desperately need to find a solution to avoid or delay their property from being repossessed”
”We where expected a large increase in enquiries this year, but 900% was way above our initial predictions back in February which where at 300%”
It is also reported that the number of visitors looking for information on their website http://www.repossession-
The CML (Council of Mortgage Lenders) statistics when published are also expected to show and increase in repossessions this year. This in part is due to the increasing financial pressure due to fuel price rises, inflation and of course the tougher credit market.
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