The number of homes repossessed by mortgage lenders fell again in the second quarter of the year.
According to the Council of Mortgage Lenders (CML), 9,400 properties were seized in April, May and June, 400 fewer than the first quarter of the year.
The number of mortgages in arrears also fell. However, according to the CML’s director general, borrowers are not out of the woods yet due to the prospect of higher interest rates, a possible rise in unemployment and reduced government support for mortgages.
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