According to Conservative estimations, the true number of repossessions in 2009 was double that which the Government reported. Figures from the Council of Mortgage Lenders revealed there were 48,000 repossessions in 2009 but if the Tories are correct this number should be closer to 100,000.

The reason why the Opposition thinks there were twice as many is because the Govt. haven’t included sell and rent back situations. This is when a property owner sells up and rents back their home from the buyer because they can no longer afford mortgage repayments. A lot of people in the UK avoid repossession and keep their home this way, so the Tories may be on to something.

Tags: fast house sale, quick house sale, repossession, Sell And Rent Back, Sell My House Fast

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