Financial Times FT.com

UK repossessions set to increase

By Norma Cohen

Published: November 21 2008 12:45 | Last updated: November 21 2008 12:45

The number of houses taken into repossession rose in the third quarter despite a concerted effort by lenders to keep borrowers in their homes for as long as possible.

Data from both the Ministry of Justice and the Council of Mortgage Lenders point to an unmistakeable upward trend of both home occupiers and investors struggling to meet their payments.

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