August 3, 2007 / 8:48 AM / 11 years ago

Home repossessions up 30 percent

Houses in a file photo. The number of home repossessions rose by almost an annual 30 percent in the first half of the year, according to figures from the Council of Mortgage Lenders published on Friday. REUTERS/File

LONDON (Reuters) - The number of home repossessions rose by almost an annual 30 percent in the first half of the year, according to figures from the Council of Mortgage Lenders published on Friday.

Repossessions rose 17.6 percent on the previous six months to 14,000 at a time when house price inflation is still running at double-digit levels.

Separate data from the government showed that mortgage possession court orders in England and Wales in the second quarter of 2007 were 3 percent lower on the year, numbering 21,514.

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