Repossessions at lowest level since 2007
The number of properties taken into possession in Q4 2011 totalled 8,500, 5% higher than the 8,100 home repossessed in the same period in 2010, according to data from the Council of Mortgage Lenders.
Low interest rates and good arrears management by lenders helped to keep repossessions figures low.
The number of properties repossessed in 2011 as a whole was 36,200, down from 37,100 in 2010.
February 10, 2012
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