The number of homes that were repossessed during the three months to the end of June soared by 71 per cent compared with a year earlier, figures showed today.
The Financial Services Authority said 11,054 homes were repossessed in the three months to the end of June, compared with just 6,476 during the same three months of 2007.
The regulator said the number of repossessions had been growing "significantly" since the third quarter of last year, as increasing numbers of homeowners struggled to clear arrears they had built up.
PA
