CML predicts rise in mortgage lending and repossessions in 2012
The Council of Mortgage Lenders (CML) has warned that house repossessions are likely to rise this year and again in 2012.
In 2010, there were 36,000 repossessions representing just 0.32 per cent of all mortgages. It expects this to increase in 2011 to 40,000 or 0.35 per cent and to rise again next year to 45,000 or 0.40 per cent of all mortgages.
However, the number of people in arrears will increase only slightly from 170,000 in 2010 to 180,000 in both 2011 and 2012, according to the prediction. This is lower than the level of mortgage arrears in both 2008 and 2009.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment