CML warns on rising house repossessions
December 30, 2011
According to a report on Finance Markets, the Council of Mortgage Lenders (CML) has made bearish predictions concerning the level of house repossessions for 2012. The CML believes that the number of repossessions will rise to 45,000 next year, from 37,000 in 2011. That represents an increase of 22%. This spike in repossession activity will [...]