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Repossessions up 50% and data indicates rise will continue
In the first quarter of 2023, the challenging economic conditions, with the rise in cost of living, has led to a significant increase in home repossessions, with over 1,000 properties being taken back by lenders due to borrowers struggling to meet their mortgage obligations.
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UK property investors set to further invest in 2023
Over 50% of property investors are set to further invest in 2023 despite the uncertainty surrounding the UK economy climate, with additional investment activity planned by more experienced investors, according to the latest survey from bridging finance broker, Finbri.