A rare piece of good news for the government on the economic front: the Council of Mortgage Lenders has just slashed its prediction for the number of repossessions this year.
The Council of Mortgage Lenders has cut its forecast for the number of repossessions this year to 48,000. Having anticipated 75,000 repossessions in 2009 in last year’s housing market forecasts, the forecast had already been revised down to 65,000 in June, but is now being cut again in recognition of lender forbearance, government measures and the beneficial effect of continuing low interest rates which are helping most borrowers facing difficulty to keep their homes. Read more



Jim Pickard
Kiran Stacey