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*** A total of 2,500 homes were repossessed in the third quarter, according to the Council of Mortgage Lenders.
Rising unemployment and increased pressure on household budgets will lead to more borrowers falling behind on their mortgages and getting repossessed in 2012, mortgage lenders have forecast.
Some 80 families a day are having their homes repossessed in a country where four out of five people live in homes owned by their family.
The number of homes repossessed in the UK rose by 3% in same quarter to 11,700, according to the Council of Mortgage Lenders.
I know nothing about the man apart from the fact that his house was repossessed in order to pay off his social security debts.
The 10,250 properties seized by banks last year were 70% higher than in 2004, but the figure pales next to the 75,540 repossessed in 1991, in the depths of the previous recession.
Similar(44)
Policies specifically aimed at the labour and housing markets had resulted in lower unemployment and fewer homes repossessed than in the two Conservative recessions of the 1980s and 1990s, even though the downturn had been longer and deeper.
He has recently had some good years in a seller's market, but he also knows how to play the other side of an economic cycle: He got his start in the boat brokerage business by helping banks sell repossessed yachts in liquidation proceedings.
It was a repossessed home in Catalonia which sparked the battle between privacy campaigners, search engines such as Google and free speech advocates.
Ms. White said she had so many repossessed properties in her listings that it was just efficient to rent a bus and show them as a group.
Banks that have repossessed homes in foreclosure and homeowners with soon-to-reset loans are ever more eager to get out of the market.
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