Home repossessions on the decline

House Repossession

Home repossessions on the decline despite rising mortgage costs

The latest market analysis from property purchasing specialist, House Buyer Bureau , reveals that since the Bank of England started raising interest rates at the end of 2021, the number of homes being repossessed by money lenders has significantly decreased, bucking the expected trend that more and more people would lose their homes as mortgage payments go up.

In December 2021, the...