Repossessions increase by 6,400

Press Association
PA
PA

​%VIRTUAL-SkimlinksPromo%The number of people having their homes repossessed has lifted for the first time in a year, figures released by banks and building societies show.

Some 6,400 repossessions took place in the first quarter of 2014, a 4.9% increase compared with the fourth quarter of 2013, which had seen the lowest quarterly total since the Council of Mortgage Lenders' (CML) records began in 2008.