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Property



Repossessions up 41%
The number of homes repossessed rose by 41 per cent during the six months of the year, it has been revealed.

Latest figures from the Council of Mortgage Lenders (CML) show that some 18,900 homes were seized by lenders during the period after the owners fell behind with mortgage repayments.    Read full story
Other Property stories
 -  House prices down 1.7% in July. House prices fell again during July, according to new figures from Halifax's house price index.   7th August 2008 16:43
 -  Lenders hiking mortgage fees. Mortgage lenders are recovering some of the income lost through cutting rates on their products by charging higher fees, it has been claimed.   7th August 2008 16:40
 -  FSA promises crackdown on repossession practices. Mortgage lenders who pressurise homeowners struggling with repayments could be hit with fines, it has been announced.   6th August 2008 16:34
 -  House prices 'to begin recovery by 2010'. A slowdown in the number of newbuild properties being constructed will help the recovery of the housing market, it has been predicted.   5th August 2008 11:59
 -  Construction slowdown 'will fuel house price recovery'. A shortfall in the supply of newbuild homes will help the housing market to begin shaking off the market slump by 2010, it has been predicted.   5th August 2008 11:40
 -  Northern Rock customers plunged into negative equity. Thousands of Northern Rock customers are facing negative equity over the next 12 months, it has been reported.   4th August 2008 16:15
 -  Prime London property prices slip for third month. Prime property in central London fell in price for the third month in a row during July, it has been revealed.   1st August 2008 16:33
 -  House prices fall at fastest rate for 17 years. House price falls accelerated during July to hit their fastest rate since 1991, a new survey has revealed.   31st July 2008 16:39
 -  One in six homeowners facing negative equity. One in six homeowners could be plunged into negative equity within a year and a half, it has been predicted.   30th July 2008 15:46
 -  Brits keep faith with property . Britons are retaining their faith in property as an investment despite the recent downturn in house prices.   30th July 2008 15:45
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