The Council of Mortgage Lenders has reduced its forecast for repossessions for this year from 75,000 to 65,000.

Continuing its examination of the ramifications of the banking crisis, the Treasury Committee has decided to undertake a short inquiry into mortgage arrears and access to mortgage finance.

When dealing with borrowers in arrears TCF must be taken into account. Early contact and person-to-person counselling is proving to be more effective than just sending letters, says Clarity’s Mike Perry

Debt management and collections strategies are evolving and lenders need to focus on their borrowers’ credit profiles. Barry Meeks explains

Fewer people are losing their homes, due to measures introduced by the government to support homeowners during the current economic climate, according to the Ministry of Justice.

There were 12,800 repossessions by first-charge mortgage lenders (including 1,700 buy-to-let repossessions) in the first quarter of this year, according to the Council of Mortgage Lenders.