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|Second-charge mortgage repossessions down almost 50% in Q3 2015|
|Thursday, 12 November 2015|
New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions was 55 in Q3 2015, down 48.6% on the same quarter in 2014.
Commenting on the figures, Fiona Hoyle, Head of Consumer Finance at the FLA, said:
“Second charge mortgage lenders continue to demonstrate appropriate forbearance in assisting customers in financial difficulty. With just Q4 remaining, the number of repossessions in 2015 as a whole is expected to be significantly lower than in 2014.”
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