Repossessions

“Why Buying Repossessed Houses Can Be a Smart Investment: Top 5 Financial Benefits and Opportunities” Buying property is one of the biggest financial decisions someone can make, and it can take a lot of work to find the right investment opportunity. One option worth considering is repossessed houses. Did you know that repossessed properties can […]

“Repossessed Property Guide: Essential Tips, Risks, and Benefits for Buying Discounted Homes” Considered one of the most profitable forms of methods of property investment, repossessed property can provide an effective opportunity for customers as well as investors. Commonly, these properties are repossessed by lenders when the owners default on their mortgage and are frequently sold […]

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.

  As with the wider UK market, the luxury property market continues to be unpredictable in 2023. Experts have previously forecast a difficult year in a chaotic current climate but recent property price increases have provided investors much optimism.

  In early February, Gov.uk released the latest repossession figures which covered the period of October-December 2022. Repossessedhousesforsale.com has been reviewing the data and helping investors find hotspots when searching for repossessed properties for sale in 2023. We’ve covered every region in England so our final deep dive looks at the latest repossession figures for […]

  Over the past few weeks, we have been analysing the latest Gov.uk repossession figures which covers October-December 2022. From reviewing the UK as a whole, to taking a deep dive into the subsequent regions, we’ve looked at the figures to help investors find hotpots when searching for a repossessed property in 2023. Our penultimate […]

  Following on from our previous article which looked at the latest Gov.uk repossessions figures in detail and took a deep dive into North West England, we move on to our next region to analyse – East Midlands.

  In this article, we continue to review the latest Gov.uk repossessions figures which were released in early February, covering the period October-December 2022. Using the data, we’ll analyse the areas within East England to see where there have been increases and decreases in the number of repossessed properties recorded last year.

  Mortgages are currently needed for 7 out of every 10 home purchases. Those seeking a mortgage are required to have more income now due to the rising mortgage rates. Due to this, buyers are becoming more and more selective with the areas they choose to invest in.

  Following on from our latest blog post where we provided commentary on UK house prices rising for the third month in a row, we are going to look are UK areas where house prices have risen the most in the last decade.