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Second charge mortgage repossessions fall by 10% PDF Print E-mail
Thursday, 10 August 2017
New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q2 2017 was 36, 10% lower than in the same quarter in 2016.  

The annual rate of second charge mortgage repossessions as a percentage of average outstanding agreements at the end of Q2 2017 was 0.06%, down from 0.08% at the same time in 2016.

Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said: “The latest figures show that the number of second charge mortgage repossessions in the first half of 2017 fell to a new half-year low.

“Lenders remain committed to helping those in financial difficulty and exploring options to help customers manage their repayments more effectively.”

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