The number of mortgage actions hit a 14-year high last year after 95,4 Government data showed a total of 28,658 mortgage possession orders were made in England and Wales during the second quarter of 2008, 4% higher than the first three months of 2008. More homes face repossession threat Posted on August 17, 2008 Filed Under Mortgage | Leave a Comment Lenders are under pressure to do more to help homeowners after the number of repossession orders between April and June rose 24% on a year ago. Loans that aren't insured by the government are called conventional mortgages. The government-insured loans may be more attractive in terms of low down payment requirements but they may be more restrictive. The main advantage of applying for online mortgages is their convenience.
