Rise and fall

Behind the good news story of falling mortgage repossessions a different tale is starting to emerge of rising possession actions against tenants.

Figures published by the Council of Mortgage Lenders (CML) yesterday showed that its members repossessed 8,500 homes in the three months to June. That was the lowest quarterly total since the final quarter of 2010 and implies that the total for the year is likely to undershoot the CML’s forecast of 45,000.

Read the rest of this post at Inside Edge, my blog for Inside Housing