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Mortgage Repossessions Drop

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The council of mortgage lenders have reported a drop of 7% on the the number of properties taken into possession by  first charge mortgage lenders in the first half of this year in comparison to 2010. It would appear that the number of people struggling to meet their mortgage payments has stabilised. This is great news. Perhaps people are more stable in their jobs and are taking advantage of the low interest rates.

Christie Limb
climb@fidler.co.uk

Partner Fidler and Pepper

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