Show me how Some customer complaints come up over and over again. We believe this figure is an understatement because it does not include arrears amounting to less than three months' repayments. Nor does it include interest claimed by lenders on repossession shortfalls. We believe this is because lenders are now more tolerant of arrears. Around one in 250 mortgages still end in repossession.
People think being overextended borrowers end up repossessed.
Show me graphs Repossessions peaked in 1991, when lenders repossessed one in 129 mortgages. Repossession is still a problem, with 16,980 repossessions in the last six months of 1997. Repossessions lag economic problems by around one year to 18 months. All the figures shown here were supplied by the Council of Mortgage Lenders or were calculated from CML figures. That's because not all of its 37 or so members supply repossession figures.