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Home repossessions drop amid low interest rates

The number of homes seized by lenders due to owners falling behind on mortgages is at a new low.

The number of homes repossessed by lenders last year fell to their lowest level since 2006, mortgage lenders say.

The number of homes repossessed from struggling owners in the UK fell in the second quarter of the year, lenders say.

The number of homes repossessed in the UK fell to its lowest annual level since 2007, lenders say, with 33,900 homes seized last year.

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