Q1 repossession figures static

The number of repossessions in Q1 of 2012 was 9,600, the same as in Q1 of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.

Repossessions in Q1 were higher than the 8,700 that took place in Q4 of 2011, but this represents a normal seasonal pattern.

The trade body says that overall the repossessions landscape appears stable for the time being.