Number of repossessions fall across the country

by Aaron Strutt

Jan 09 2015

The number of home repossessions has fallen by 14% in England and Wales, according to research by e.surv chartered surveyors.

There were 2.5 repossessions per 1,000 households in the North of England during the first half of 2014, compared to 1.7 repossessions per 1,000 households in the South. This compares to 2.9 repossessions per 1,000 households in the North and 2.0 per 1,000 in the South during the first half of 2013.

Richard Sexton, director of e.surv, says: “The repossession rift between North and South is beginning to knit itself back together, helped by a jobs boom across the country.

“People all across England and Wales have a firmer grasp of their finances compared to a year ago.”