Second-Charge Repos Down 33.4%

14 May 2010

Repossessions for second-charge mortgages in the U.K. plunged 33.4% in the first quarter from a year ago, according to the Finance and Leasing Association.

Repossessions for second-charge mortgages in the U.K. plunged 33.4% in the first quarter from a year ago, according to the Finance and Leasing Association.Despite the end of the recession and the improvement in repossession figures, says Fiona Hoyle, head of consumer finance at the FLA, “many people ...

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