Posts Tagged ‘repossessions’
Mortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Read MoreBanks under pressure to reduce prices on unsold properties in Spain
The Spanish property market has been recoverying slowly over the last year, prices have stabilised and in some areas are showing increases. However recent reports suggest that the country still faces a large backlog of unsold property, banks still own homes from struggling developers and repossessions. In an effort to reduce bank’s real estate exposure…
Read MoreRepossessions fell in 2015
Figures from mortgage lenders show that the number of homes repossessed fell to an 11 year low in 2015. Across the UK 10,200 repossessions were recorded in 2015, almost half the 20,900 cases recorded in 2014, that is according to the Council of Mortgage Lenders (CML). They reportedly pointed out that a court case which…
Read MoreRepossessions and Evictions.
The Joseph Rowntree Foundation is an independent organisation working to inspire social change through research, policy and practice. In their annual report posted only this week they reveal the definitive picture of poverty in the UK. The topic from the report we are spotlighting is on housing and specifically on repossessions and evictions. In their…
Read MoreMarket trend data for September
Land Registry monthly market trend data for residential property prices in England and Wales. The September data shows an annual price increase of 5.3 per cent which takes the average property value in England and Wales to £186,553. Monthly house prices up 1.0 per cent since August 2015. The regional data indicates that: The region…
Read MoreFigures for mortgage repo’s and arrears
Data released by the Council of Mortgage Lenders shows that repossessions are at their lowest rate since records began, there has been a continued fall in repossessions in the second quarter of 2015, mortgage arrears also continue to fall. Figures showed that 2,500 properties were taken into possession in the second quarter of 2015, that…
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