And now for a spot of good news…the housing market is looking up! Yes, you read right, according to British Bankers Association figures, the number of approved mortgages in December was higher than any month since the end of 2007.
Even better news is that in November alone over 60,000 loans were in the process of being approved and all were for those wnating to buy a property. This figure is also a noteable high, the last time the number was at this level was March 2008 and 60,000 ismore than twice previous November’s amount. All of which means if you want to stop repossession through the sale of your property, you may be in luck with mortgages advances up at £10.2bn in December.
Tags: avoid repossession, house repossession, repossession order, stop repossession