Following on from yesterday’s blog about the recent FSA figures and the positive final quarter of ‘09, new arrears cases also fell by 9% during the three months to 41,000. But that was the only good news as by the end of 2009, 378,000 borrowers had fallen behind on their mortgage repayments, this number represents 3.42% of all UK mortgage customers.

Although these figures seem high, they match roughly with ones reported by the Council of Mortgage Lenders (CML) for 2009 and represent the highest levels of arrears since 1995. Overall, the number of people facing a repossession order reported by both the FSA and CML was lower than what was originally predicted, a figure closer to 75,000.

Tags: avoid repossession, house repossession, repossession order, stop repossession

This entry was posted on Wednesday, March 17th, 2010 at 9:00 am and is filed under repossession news. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.