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Repossessions up 50% and data indicates rise will continue
In the first quarter of 2023, the challenging economic conditions, with the rise in cost of living, has led to a significant increase in home repossessions, with over 1,000 properties being taken back by lenders due to borrowers struggling to meet their mortgage obligations.
Where are the Repossession Hotspots for North East in 2023?
Over the past few weeks, we have been analysing the latest Gov.uk repossession figures which covers October-December 2022. From reviewing the UK as a whole, to taking a deep dive into the subsequent regions, we’ve looked at the figures to help investors find hotpots when searching for a repossessed property in 2023. Our penultimate […]
Where are the Repossession Hotspots in East Midlands for 2023?
Following on from our previous article which looked at the latest Gov.uk repossessions figures in detail and took a deep dive into North West England, we move on to our next region to analyse – East Midlands.
Where are the Repossession Hotspots in East England for 2023?
In this article, we continue to review the latest Gov.uk repossessions figures which were released in early February, covering the period October-December 2022. Using the data, we’ll analyse the areas within East England to see where there have been increases and decreases in the number of repossessed properties recorded last year.
Which affordable UK cities are buyers interested in?
Mortgages are currently needed for 7 out of every 10 home purchases. Those seeking a mortgage are required to have more income now due to the rising mortgage rates. Due to this, buyers are becoming more and more selective with the areas they choose to invest in.
