Last year, 27,100 properties in the UK were repossessed. This year, the Council of Mortgage Lenders (CML) expects around 45,000 – a figure which highlights the difficulty some homeowners are experiencing as they struggle to make larger mortgage payments without neglecting their unsecured debts. In many cases, the most effective way to ensure adequate funds for the former is to bring the latter...
The IVA – lifeline in a rising tide of repossessions?
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