Wednesday, 15 December 2010

BBC News - Repossessions to rise in 2012, lenders forecast

BBC News - Repossessions to rise in 2012, lenders forecast

Mortgage arrears and repossessions will rise modestly next year, the Council of Mortgage Lenders (CML) predicts.

Its annual forecast for the UK property market paints a picture of continued stagnation, with the current low level of sales persisting, and prices falling modestly or staying flat.

The CML says that mortgage rationing by banks and building societies will continue.

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