UK House repossessions may increase
UK HOUSE REPOSSESSIONS MAY INCREASE - Don't lose the roof over your head - Leading consumer magazine, Your Mortgage, warns borrowers to protect their mortgage payments, despite reductions in repossession rates and arrears in the latest Council of Mortgage Lenders figures, due out later today. Repossessions and arrears are continuing to decrease as a result of historically low interest rates and the cheapest mortgages seen in the UK in 50 years. But rates are forecast to go up this year, and the impact of 2001 redundancies is set to filter through to the market. Both mortgage and non-