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Property repossessions hit lowest level for four years
Repossessions fell to their lowest level since 2007 last year, according to the latest figures from the Council of Mortgage Lenders (CML). Some 36,200 properties were repossessed by first-charge mortgage lenders in 2011, marginally down from the 37,100 homes that were seized in the previous year. The CML had forecast that 40,000 homeowners would lose [...]

Recession turning Brits into obsessive bank balance checkers
Money worries are turning cash-strapped Britons into a nation of “compulsive bank balance checkers”, according to a survey from Halifax. A poll by the lender found that more than one in every five people check their account balance on a daily basis, while 22% of respondents admitted to taking a look at how much money [...]

Home sellers cut £20,000 from asking prices
UK homeowners are being forced to slash asking prices in an effort to sell their properties, according to Zoopla.co.uk. A study from the property website revealed that more than a third (36.7%) of UK homes currently on the market have been reduced in price at least once since being put up for sale. The average [...]