mortgages

man worried about repossession of his home lockdown

Property repossessions could soar due to pandemic

Research by leading peer to peer lending platform Sourced Capital has found that the UK property market could see a double-digit rate of property value decline, with the market taking over five years to recover, while the number of property repossessions could also soar as a result of a COVID-19 induced recession.

Currently, the market has ground to a halt as both buyers and sellers...