§ Mr. KhabraTo ask the Secretary of State for the Environment what is the latest estimate of the number of 731W households likely to lose their home through repossession for mortgage arrears in the next 12 months.
§ Mr. Robert B. JonesThe Department does not make forecasts of the number of households likely to lose their home through repossession for mortgage arrears.
The latest available figures on mortgage possessions were published by the Council for Mortgage Lenders in July. These showed that in the first half of 1994, 25,020 properties were taken into possession by mortgage lenders, representing 0.24 per cent. of all mortgaged properties. This compared with 31,780 in the first half of 1993, and 26,760 in the second half of 1993.
The figures for the second half of 1994 and 1994 as a whole will be published by the CML on Wednesday 25 January 1995.