Home repossessions forecast slashed
Updated on 12 November 2009
The forecast number of people who will lose their homes this year has been slashed by more than a third by the Council of Mortgage Lenders (CML).
The group expects 48,000 properties to be repossessed in 2009, after a combination of low interest rates, Government help and lender forbearance helped people struggling with their mortgages stay in their homes.
But although the figure is well down on the CML's original prediction of 75,000, which was revised down to 65,000 in June, it would still be the highest number since 1995.
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