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Thursday, 4 December 2008

Repossessions to Reach 75,000 in 2009

In its latest forecast, the Council of Mortgage Lenders estimates that home repossessions will reach 75,000 next year, almost as many reposessions as in the peak of the recession of the early 90s.

This figure is yet to be finalised as the CML digests the announcement from the government yesterday of a deal with banks to delay repossessions.
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