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So repos went from 600 to 700 (up 15%). Of course things are going to get much worse than that. But a 100 extra repos across 9 million mortgages is hardly worth of a 'i told you so' thread
first repossessions are quite hard to do, many banks don't like doing them and second the upward motion is just after the rules restricting repossessions have been relaxed.
If you offer to pay something that the court sees as reasonable (remember fines can be paid back at £1 a week) the repossession is pretty much stopped in its tracks.
So repos went from 600 to 700 (up 15%). Of course things are going to get much worse than that. But a 100 extra repos across 9 million mortgages is hardly worth of a 'i told you so' thread
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