The number of home owners who have had their properties repossessed has increased substantially since last year.
Landlords made 38,688 repossession claims in the first three months of the year, up 16pc from the first quarter of 2007, the Ministry of Justice said today. Possession orders made by courts jumped 17pc to 27,530.
The statistics recording the number of court repossession orders issued in the first quarter of 2008 give the first proper indication of the impact of the global credit crisis on mortgage holders. for more click here