Did you see the Financial Services Authority (FSA) figures that were released last week? They were all about repossession and arrears in 2009 and unsurprisingly, the number repossessions was 15% higher in ‘09 than in 2008. The overall number of repossessions reached 54,055, up from 46,945 in 2008.

It’s not all doom and gloom though, the clawing of the UK out of recession also meant there was also a drop in the number of repossessions. In addition there was also a dip in the number of individuals unable to keep up their mortgage repayments. The positive final quarter of 2009 resulted in a 15% drop in the number of repossession agains the same quarter in 2008.

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