The Amount Of Repossessions In The UK Are Expected To Rise For 2011

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Banks are becoming more and more impatient with the amount of people failing to pay their mortgages on time. If this situation does not improve, there will be a lot of people having their homes repossessed this year.

The estimated amount of people who will could be evicted from their homes in 2011 is 40,000 that is up from last year where they estimated 36,000 would lose their homes.

“In a statement, it said: “Our prediction that mortgage arrears and possessions will tick up again in 2011 will ensure that there is ongoing scrutiny of market behaviour. “

Click on the link below to read the article in full on The Telegraph Website:

Number of repossessions to rise as lenders lose patience

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