Press Releases

Mortgage arrears and repossession figures.

13/05/2010

The Council of Mortgage Lenders has released mortgage arrears and repossession figures for the first quarter of 2010.The figures show that just under 253,000 mortgages were 3 months or more in arrears which equates to about 2.2% of all outstanding mortgages. 9800 properties were repossessed during the period, down from 10,600 in the last three months of 2009

Commenting on the figures Nick Pearson from debt solutions experts Baines and Ernst said “Although the number of repossession is thankfully reducing slowly, the underlying pattern is that the number of mortgage accounts in arrears remains virtually unchanged. It is worth bearing in mind that any increase in bank base rates will be serious news for many borrowers on variable interest rates who are already struggling to pay the mortgage.”

Back to Latest News

Name

Surname

Telephone number

Monthly Income

Unsecured debt

Number of creditors

Residential Status

I have read and accept the Privacy Policy

* Only applicable for an IVA – Terms & Conditions Apply: Debt write off applies only where an Individual Voluntary Arrangement is suitable, adhered to and at the end of 60 months. This relates to unsecured debts that were included with an IVA and does not include any secured debts mortgages, HP or utility bills. Failure to adhere to an IVA can result in bankruptcy. An IVA will affect your credit rating for up to 72 months after completion of your IVA. Fee Payable this is paid out of your monthly contributions to your IVA and will be notified to you in advance. Homeowners may be required to remortgage after 4 years. Alternative solutions may be offered.
* Blair Endersby Ltd: Registered Office Address: 8 St John Street, Manchester, M3 4DU. Registered in England and Wales: 3849301: Consumer Credit Licence Number:480389, VAT Registration:927234914: Data Protection Registration No Z8891939: Our Insolvency Practitioners are licensed by the Association of Chartered Certified Accountants and the Insolvency Practitioners Association � Blair Endersby is part of the Paymex Group.
Blair Endersby - IVA Specialists, IVA Advice a sister company of Baines and Ernst Debt Solutions Specialists

† Calls are free if made from a BT landline. Calls made from mobiles and other networks may be charged. Please check with your service provider. Mobile phone users may find it cheaper to call 0161 656 7702.