Lenders get tough on repossessions

Signs are starting to show that lenders patience with homeowners in arrears is wearing thin. With the ongoing economic troubles there are an increasing number of borrowers who are struggling to stave off repossession as lenders begin to tighten their belts. These findings were published following a report by Revival Repossession Solutions.

Shelter also agreed that there is a stark divide between the north of England, which is at a higher risk of home repossession, and the south, according to Shelter‘s report, England Repossession Risk Hotspots. Read more;

http://www.housetrade.co.uk/news-article/Lenders-get-tough-on-repossessions

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