Seconds repossessions at 6-year low

Sarah Davidson

February 12, 2015

In the final quarter of 2014 there were 79 repossessions, 35.8% fewer than in quarter four 2013.

Fiona Hoyle, head of consumer finance at the FLA, said: “The continued fall in repossessions is due in no small part to the commitment of second charge mortgage lenders to helping customers deal with financial difficulty.”

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