Repossession of homes falls 17% from January to April 2013
23rd May 2013

8,000 properties were repossessed in the first quarter of 2013 compared to the first half of this quarter and of those most were on buy to let mortgages than from owner occupied homes.

The buy to let sector is still growing as the buy to let mortgage lending accounted for 13.4 % of the total mortgage market and is up 13% from the previous quarter.

Low interest rates, employment the relaxing of the mortgage lending rules and Government policy were helping the public keep hold of their homes.

 

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