Originally posted by Whorty
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Reply to: Sadly I was right
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Previously on "Sadly I was right"
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Originally posted by vetran View PostSadly I was right
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Originally posted by GregRickshaw View PostSomething something immigrants, immigration something something jobs something
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Something something immigrants, immigration something something jobs something
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Originally posted by Fraidycat View PostSo 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
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.
https://england.shelter.org.uk/housi...ession_process
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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
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Sadly I was right
https://www.thisismoney.co.uk/money/...899.1638289441
House repossessions start to climb amid cost of living crisis: Properties taken back by banks rise 15% in three months as mortgage rates shoot up- There were 700 repossessions from homeowners between July and September
- Repossessions from landlords also rose 11%, according to UK Finance data
- Mortgage rates have climbed sharply adding hundreds to monthly payments
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