Second mortgage loans

[Antony Vijayendran]

The arrears rate stood at 1.33 percent of all mortgages by the end of
the first half, up from 1.10 percent at the end of 2007 and 1.02
percent at the end of the first half of last year, the CML said.

The CML is maintaining its forecast of 45,000 total possessions and
170,000 mortgages in arrears of more than three months by the end of
the year.


There are a total of around 11.74 million mortgages in the UK, the CML
said.

jessica.mortimer at thomsonreuters.com


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