Repossessions Up by 20% As 27,000 Hand Back Homes

Evening Standard - London › February 08, 2008

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Summary

HOME repossessions by mortgage lenders soared by more than 20 per cent last year to an eight-year high.

A total of 27,100 homeowners were forced to hand back the keys to their houses or flats to their bank or building society last year after they failed to keep up payments.

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Extract

Repossessions Up by 20% As 27,000 Hand Back Homes

The rise has stoked fears of a return to the "dark days" of the early Nineties' repossession epidemic, which blighted the lives o...

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