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Your home may be repossessed if you do not keep up repayments on your mortgage.

WARNING: Buy to Let mortgages are typically not regulated by the FSA.

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Repossessions To Increase

Repossessions To Increase

Repossessions To Increase

The Council Of Mortgage Lenders are predicting 50% increases in the number of reposessions next year as the same increase on the number of people falling 3 months into mortgage arrears.

There is also a slowdown in the housing market, reducing house prices, which could continue to fall.

High interest rates, less mortgage applications and more difficulty in getting an offer are seen to be part of the cause of these problems.

The Council of Mortgage Lenders expects a 0.25% mortgage rate cut this year and a further 0.5% next year, but this decision would be down to the Bank of England.