CCR Magazine

You are here  :Home arrow News arrow Comment on CML arrears and possessions figures
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Comment on CML arrears and possessions figures PDF Print E-mail
Thursday, 10 August 2017
Mark Pilling Managing Director at Spicerhaart Corporate Sales, says “The good news with this morning’s figures is that arrears and possessions are at their lowest level.  What the headlines don’t show is the regional differences.  Although there were no repossessions recorded in 93 local authorities, the further north we go the more repossessions we see.  

“The percentage as a whole is falling, but it is in the areas where house prices, and therefore mortgage lending, is lowest that there are more repossessions, highlighting again the north/south divide when it comes to wages and affordability. This is a trend that we have seen for a while, and one that has no easy fix while uncertainty remains and real wages continue to fall as inflation rises. It will be interesting to see what happens in the coming months as the Bank of England struggles to keep a lid on inflation during Brexit negotiations.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197