Repossessions up 55% in third-quarter says DCA

The Department for Constitutional Affairs (DCA) says there has also been an increase of 66% in the number of repossession orders made by lenders this quarter compared to the same period in 2004. During the third-quarter of 2005 there were 29,991 mortgage repossessions were presented to the country courts. Of these a total of 19,667 orders were made while the remaining 10,340 were suspended says the DCA report. The DCA figures essentially show the number of cases that lenders take to court, and the number of orders for possession granted by the courts. But the Council of Mortgage Le...