The Council of Mortgage Lenders have reported a steep rise in the number of homes being repossessed, with an estimated 14,000 properties being seized in the first half of the year, up 30% from the same period last year. It’s not all bad news apparently though, as the number of mortgages in arrears fell slightly over the same period, 3% down to around 125,000.

Read the rest of this entry »

The latest official figures show a rather unexpected fall in the number of people in England and Wales becoming insolvent. A shade under 27,000 people went into insolvency during April to June this year, and although the figure represents a 4.2% rise on the total for the same period last year, it is a drop off of 8.1% on the figure for the first quarter.

Read the rest of this entry »