CML Revises Down Repo, Arrears Forecast

The U.K. Council of Mortgage Lenders has revised down the number of property repossessions and borrowers in arrears expected in 2010, thanks to declines in the second quarter.

  • 13 Aug 2010
The U.K. Council of Mortgage Lenders has revised down the number of property repossessions and borrowers in arrears expected in 2010, thanks to declines in the second quarter. The CML now says repossessions declined 5% in the quarter, down 17% a year ago, which lead to a revised ...

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