News

Repossesions hit new low

23/02/12

Recent figures published by the Council of Mortgage Lenders (CML) suggest that the number of UK home repossessions in 2011 was the lowest since 2007, thanks largely to low interest rates and good arrears management by the banks.   Nevertheless, they warn that the high cost of living coupled with a rise in unemployment is likely to see more homeowners facing serious problems this year.

According to the CML, the total number of homes taken into possession by mortgage lenders in 2011 was 36,200, although the number of buy-to-let properties being repossessed had increased by 25%.  But the organisation predicts that some 45,000 homes will be repossessed in 2012.

If you’re concerned about your finances and think you may have difficulty keeping up with your mortgage repayments, talk to your lender as soon as possible.

Free Instant Valuation

Are you thinking of selling, or just looking to know how much your property is worth? Try our new online valuation tool, it only takes seconds.

Click here

SPECIAL WINTER OFFER FOR LANDLORDS

Free annual gas safety check and service on all new managed properties.

Click for more details

Find out more about our region

By limiting our market to properties in Exeter & the surrounding towns and villages, we don't stretch ourselves too thinly and can offer our customers genuine insider knowledge of the local property scene.

Download guide

What Our Clients Say About Us

Click below to see some recent testimonials.

Click here

Guide to moving home

If you've not moved before or just want to check on some recommended suppliers to help your move go smoothly then have a look at our online magazine.

Click here