Lenders fear rise in repossessions

Updated
To Let signs
To Let signs

Britain's lenders have warned that repossessions are predicted to rise next year and the amount of money lent for mortgages could be lower amid a weak economic backdrop.


The Council of Mortgage Lenders (CML) predicted that repossessions will go up from an estimated 37,000 this year to 45,000 next year. But it said this would still be "far lower" than the downturn in the 1990s, and also lower when compared with the 47,900 repossessions in 2009.

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