Repossessions were 19,000-odd in the first half of this year, and the house price crash has only just kicked off!
The article also says that 155,000 households are seriously in arrears (I have seen the figure of 300,000 recently, not sure where); which is still way short of the number in negative equity (about half a million?).
Jingle mail, jingle mail, jingle all the way ...
Friday, 8 August 2008
"UK home repossessions rise by 48%"
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1 comments:
UK mortgages are recourse so it will take much much longer to sort out the mess than the US.
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