The number of mortgage borrowers in arrears fell 1% in the three months to the end of June, new figures from the Financial Services Authority (FSA) show. With 332,700 homeowners unable to keep up their repayments, the total represents a healthy 6% annual decline and leaves the proportion of the UK’s residential loan book in [...]
impaired credit history
Repossessions fall to end-2007 levels
New mortgage lending data from the Financial Services Authority show repossessions falling to 9,145 in the third quarter of 2010.
The total represents an 8% decline on the previous three-month period and is at its lowest since the end of 2007.
In addition, the number of new arrears cases fell to 36,600 in Q3, having declined in [...]
