Bernard Clarke, a spokesperson for the Council of
“Lenders have a range of options to help people depending on their circumstances and the range of options available is widest if the borrower talks to the lender at the earliest opportunity,” he remarked.
Mr Clarke claimed that an agreement can be reached between the borrower and lender, with repossession being the last option for debt-riddled homeowners who are struggling to meet their monthly repayments.
Possessions by first-charge
It predicted that the figure will reach 45,000 in 2008, compared to 27,000 last year.
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