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CML survey shows 5 per cent fall in repossessions in 1998

The number of properties repossessed by mortgage lenders fell by 5 per cent in the second half of 1998

The latest Council of Mortgage Lenders figures show the number of repossessions dropped to 16,510 in the second half of the year from 17,310 in the first half.

But it says the total number of repossessions in 1998 increased by 3 per cent to 33,820 from 32,770 in 1997.

The number of mortgages more than 12 months in arrears fell to 34,880 at the end of 1998 from 45,200 at the end of 1997.


Northern Venture Managers launches second VCT to attract £25m

Northern Venture Managers is launching a second venture capital unit trust fund that is aiming to raise £25m.The Northern 2 VCT trust will be listed on the London Stock Exchange. The offer period for tax year 1998/99 will remain open until April 5 and until April 12 for tax year 1999/2000.The minimum investment is £5,000, […]

NAPF survey shows 17 per cent jump in scheme membership

The National Association of Pension Funds annual membership survey shows a 17 per cent jump in the number of employees taking up occupational pensions in 1998.Where membership was automatic for new employees the take-up rate in final salary schemes rose to 91 per cent in 1998 from 74 per cent in 1997.Money purchase scheme membership […]


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