UK Repossessions Up By 50%

Posted May 17th, 2009 by admin

The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said.

This was up 23% from the 10,400 in the previous three months and 50% up on the 8,500 in the same period last year.

The CML has predicted that 75,000 homes will be repossessed in 2009, almost double the 40,000 of last year.

But the group has now described this prediction as “pessimistic” and could change its view in the summer.

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UK Landlords are now buying more than they sell

Posted April 14th, 2009 by admin

UK landlords are buying more properties than they are selling for the first time in two years, says the Association of Residential Letting Agents (ARLA). 

In the ARLA Members’ Survey of the private rented sector for the first quarter of 2009, more than double the number of agents reported that landlords were buying properties than in the previous three months. A lower number said that landlords were selling properties. 

With the evidence of these figures, ARLA believes sentiment concerning the buy-to-let market is changing for the better. 

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