Saturday 15 August 2009

Second repossession wave fear

A second wave of home repossessions is expected to hit Scotland, it was claimed yesterday, after figures showed a drop in the number of people across the UK who have lost their houses.

Campaigners and housing experts warned of a "perfect storm" gathering ahead, as unemployment continues to rise and a possible end to low interest rates could result in higher mortgage payments for homeowners, pushing more into financial difficulties.

Full story in Saturday's The Herald.

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