A total of 9,100 homes were repossessed in the UK in the first three months of 2011, up 15% on the previous quarter, lenders say.

The figure was 10% lower than the same period the previous year and in line with the quarterly average of 2010, the Council of Mortgage Lenders (CML) said.

However, the number of householders getting behind on mortgage payments has fallen slightly since December. The CML warned that households would be financially stretched for some time.

The group has predicted that a total of 40,000 people will lose their homes this year, up from 36,300 in 2010. Missing payments Repossessions were at a relatively low level at the end of 2010, but the latest quarterly figures show the first three-month on three-month rise since the third quarter of......Read more HERE