237 CEEFAX1 Fri 3 Feb CEEFAX.TV
Lenders cut repossession forecast
The Council of Mortgage Lenders (CML)
has cut its forecast for the number of
homes likely to be repossessed this
year to 48,000.
It is the second time this year it has
reduced its forecast.
If its prediction is accurate, this
will see repossessions rising by just
8,000 compared with 2008.
The CML's comments came as it revealed
that repossessions in the July-to-
September period rose by 3% to 11,700 -
up 5% from the same period a year ago.
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