World Economy

Repossessions Down

Repossessions DownRepossessions Down

Continued low interest rates and mortgage market competition has led to another fall in the number of homes repossessed in the UK, BBC reported. There were 5,000 homes repossessed in the third quarter of the year, the Council of Mortgage Lenders (CML) said. This compared with 5,400 in the previous three months and 7,200 in the same quarter last year.