Good News For Some ...

[ImNotFromIndia]

http://news.independent.co.uk/busine...cle2204139.ece

"Home repossessions surged by a massive 65 per cent last year as thousands of households buckled under a mountain of debt and the burden of rising interest rates."

[DimPrawn]

Lenders said 17,000 homes were repossessed in 2006

Between 1990 and 1993, nearly 250,000 repossessions.

We have a long way to go yet.

It's like someone else said here recently.

"Burglaries up 100%" in a small town, when the number that year had gone from 1 to 2.

PS. House prices will double this year. Buy now whilst they are practically giving them away.

[expat]

http://news.independent.co.uk/busine...cle2204139.ece

"Home repossessions surged by a massive 65 per cent last year as thousands of households buckled under a mountain of debt and the burden of rising interest rates."

Interest rates rose only twice last year, 0.25% each time, and one of those was in November. Was that when the massive increase in repossessions happened?? December?

[andy]

where do they sell these repossessed homes
I want to buy cheap as chips homes

[wendigo100]

where do they sell these repossessed homes
I want to buy cheap as chips homes

Wembley market.

[threaded]

where do they sell these repossessed homes
I want to buy cheap as chips homes

Auctions are often advertised in the local papers. I've bought a good few properties in the UK this way. You can pick them up real cheap. Get some friendy polish builders to slap in a new kitchen and bathroom and you're laughing all the way to the bank.