Repossessions up third quarter 2009

  • Anil Kanda
  • 15 Jan, 2010

The number of repossessions in the third quarter of 2009 reached 14,000, up 2.8% on the previous three months according to the Financial Services Authority. It is said this was 5% below the peak at the start of the year, while new arrears cases continued to fall, down 10% in the third quarter to 46,000. At the end of the third quarter the total number of accounts in arrears was 395,000.

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