Bumper Repo

Repossessions are up 21% last year so anyone who thinks the crunch isn't creeping closer to home, wake up.

This is the biggest total since 1999 and bear in mind that in 2003 it was just over 8,500.

Worryingly, arrears rent up by over 8.5%on the previous year too so more misery seems to be on it's way.

The figures are much better than during the 90's but could get worse as some mortgage lenders have failed to confirm if they would reflect the latest cut in interest rates to their borrowers.

Bankruptcy orders were also up last year by almost 2.5% although IVA's and Winding Up's have dipped slightly.