The Intermediary Mortgage Lenders Association has criticised the media for sensationalising FSA repossession data which showed a year-on-year rise of 71%, describing it as "a 71% rise over what was a relatively low base".

We already know possessions are increasing and we expect to see around 40,000 this year compared to 26,200 in 2007 - but this will still be well under 1% of all mortgages outstanding.

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