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Evening Standard
Evening Standard
World
David Bond

Repossessions double raising fears more mortgage holders could lose homes as interest rates rise

(Alamy/PA) (Picture: PA)

Repossessions by banks more than doubled in the last three months of 2022, new figures revealed on Thursday, raising fears that more mortgage holders could lose their homes as interest rates rise.

Data released by the Ministry of Justice showed that repossessions by county court bailiffs across England and Wales rose from 313 to 733 between October and December last year — a spike of 134 per cent.

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