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Q1 repossession figures static, says CML

The number of repossessions in the first quarter of 2012 was 9,600, according to the Council of Mortgage Lenders.

The figure is roughly the same as the first quarter, breaking a recent trend of year-on-year increases.

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.

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