By failing to obtain court orders before repossessing motor vehicles owned by protected servicemembers, HSBC prevented servicemembers from obtaining a courts review of whether their repossessions
should be delayed or adjusted to account for their military service.
Of the repossessions
recorded last year, 16,100 were on owner-occupied homes and 4,900 on buy-to-let properties.
Both the UK owner-occupier sector and the buy-to-let sector have seen overall total reductions in arrears and repossessions
THE number of new mortgage repossession
cases coming before the courts here is the lowest since 2007.
When it comes to repossessions
, some of them do whatever requires the least amount of effort and resources, according to AFG.
The CML said the slight quarteron-quarter increase in repossessions
was a normal seasonal upturn.
9) Typically, independent contractors, popularly known as "repo men," perform such repossessions
ULSTER Bank has begun sending out repossession
notices to mortgage holders in arrears.
generally occur months or even a year or more after the first notice of default on a mortgage is sent.
The figures indicate that the overall number of repossessions
this year will be way below the CML's previous forecast that the numbers could rise to 45,000 by the end of 2012.
There were 8,500 repossessions
between April and June this year, marking the lowest quarterly total since the last three months of 2010, the Council of Mortgage Lenders (CML) said.
The research found a "clustering" of private households on Tyneside facing the threat of repossession