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Mortgage possession actions against home buyers in the first three months of this year were the highest since 2019 with a total of 5,182.
The number of homeowners and buy-to-let landlords in mortgage arrears has jumped in the past year - though the amount of homes being repossessed remains low, according to UK Finance.
Chancellor Jeremy Hunt has unveiled new measures to help struggling mortgage holders following the base rate increase to five percent.
Matthew Jackson, Director at Mint FS, said "This is like using a water pistol to put out a fire. Utterly pointless. It will not do a thing to help, as lenders
Some conveyancing firms are declining to take on cases involving high rise properties, over concerns that they will be liable should problems eventually emerge regarding the property.