House repossessions fall, whilst sales rise - Mortgages - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

House repossessions fall, whilst sales rise

House repossessions fall, whilst sales rise

Category: Mortgages

Updated: 28/02/2013
First Published: 28/02/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Figures released by the Land Registry have revealed an 11% annual fall in the number of homes repossessed in November last year, down from 1,777 in 2011 to 1,589.

The majority of homes claimed back by mortgage lenders occurred in the North West of England where a total of 347 homes were repossessed compared with 44 in the North East.

Property sales increased on a monthly basis from 60,369 to 61,091, with a typical home in England and Wales fetching £162,441 in January this year, a 1% increase compared with the same month in 2011.

London, unsurprisingly, remained the most expensive region in the country with the average home valued at £373,207 last month. This reflected a 7.1% increase from the year before.

What next?

Mortgage repayment calculator
Compare 2 year fixed rate mortgages
Compare 3 year fixed rate mortgages
Compare 5 year and over fixed rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close