The Ministry of Justice has issued a series of online guides and videos to offer advice to homeowners facing repossession.
The guides, found at www.direct.gov.uk, offers advice and guidance on the repossession process, right from the first arrears up to what homeowners can expect at a court hearing.

The advice has been released after the Council of Mortgage Lenders (CML) predicted that as many as 65,000 homes could be repossessed in 2009 as a result of mortgage arrears, fuelled largely by increasing unemployment.

UK house prices registered a 1.3% fall in September, according to Britain’s biggest lender; the Halifax.

The lender claimed that the drop, attributed primarily to the low availability of credit, meant the annual fall now stood at 12.4%, with the cost of the average home in the UK now at £172,108.

September was the eighth consecutive month in which house prices registered a fall on the previous month and Halifax’s chief economist Martin Ellis expected conditions to remain “challenging”.