Worst-case fig­ures on re­pos­ses­sions

Yorkshire Post - Property - - PROPERTY -

Re­pos­ses­sion rates could hit 175,000 a year by 2012, ac­cord­ing to a re­port com­mis­sioned un­der the Labour govern­ment.

The re­port, never pub­lished, was com­mis­sioned by the Na­tional Hous­ing and Plan­ning Ad­vice Unit and fore­cast the 175,000 fig­ure as a “worst-case sce­nario”.

The re­port de­vel­oped a model pre­dict­ing how mort­gage ar­rears and pos­ses­sions would move in dif­fer­ent eco­nomic sce­nar­ios

The Coun­cil for Mort­gage Len­ders is fore­cast­ing 53,000 re­pos­ses­sions this year, but has warned that the fig­ure might have to be re­vised up­wards.

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