UK repossession and arrears stats released

[Brendan Burgess]

|UK|Ireland
Number of homes with mortgages|9.5m|600,00
Arrears over 90 days|188,000 (2%)|49,000 (8%)
Repossessions in 2011|30,300|c.200
Chance of repossession|1 in 6|1 in 300

Roughly speaking, a person in arrears over 90 days is 50 times more likely to be repossessed in the UK.

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[mcloving]

Good news at the moment, but how long can this go on for until repossession becomes more common in ireland considering the arrears percentage.