Published: 19/05/2023 By Andrew Greenwood
Some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023 and 410 buy-to-let mortgaged properties were taken into possession.Repossessions are starting to rise as the cost-of-living crisis continues to put the squeeze on household finances and would-be homeowners are forced to throw in the towel, latest figures from lender trade body UK Finance reveal.
Some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023, 50% greater than in the previous quarter and 410 buy-to-let mortgaged properties were taken into possession in the first quarter of 2023, 28% greater than in the previous quarter.
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