The CML reckons that the number of house repossessions will increase to 45,000 in 2012 from 37,000 this year. That’s an increase of 22%.

The repossession growth is largely down to increasing unemployment along with a decrease in the average household income across the country.

The CML has also cut its forecast for both mortgage lending and property sales in 2012.

Property sales are set to drop from 850,000 this year to 825,000 in 2012, and the CML has revised its mortgage lending forecast downwards.

Previously it had estimated mortgage lending would hit £150 billion in 2012, up from £138 billion this year. However, next year’s figure has now been revised to £133 billion, a drop of £5 billion from 2011.

The latest numbers from the Financial Services Authority (FSA) show an increase of 5.8% in home repossessions. 9,134 houses were repossessed in the second quarter, which increased to 9,670 in the third quarter.

Bob Lender for Financial Advisor said, “Despite a recovering in the number and type of mortgage products available to consumers, there is still little demand for products from mortgage brokers.”

Three year fixed rate available from 4.44% (up to 60% LTV) and four year fixed rate available from 4.94% (up to 70% LTV)

• New customers can borrow up to 85% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• £896 reservation fee
• Special offer (see details above) available to first time buyers

Two year tracker available from 3.48% (up to 70% LTV) – NEW PRODUCT

• New customers can borrow up to 80% LTV
• Existing borrowers who are moving home can borrow up to 95% LTV
• £99 booking fee (payable upfront and non-refundable)
• No reservation fee
• Special offer (see details above) available to those moving home

For those switching at the end of an existing Nationwide deal:
Two year fixed rate available at 3.79% (up to 95% LTV)

• Existing borrowers switching at up to 95% LTV
• £495 reservation fee

Three year fixed rate available at 4.64% (up to 95% LTV) - NEW PRODUCT

• Existing borrowers switching at up to 95% LTV
• No reservation fee

Two year capped tracker available from 2.99% (up to 95% LTV)

• Existing customers switching at the end of a Nationwide deal at up to 95% LTV
• £999 reservation fee on loan sizes up to £149,999
• Capped at 3.99%
• Also available at 3.14% with a £1,499 reservation fee on loan sizes between £150,000 and £500,000, capped at 4.14%

Three year capped tracker available at 3.99% (up to 95% LTV)

• Existing customers switching at the end of a Nationwide deal at up to 95% LTV
• £699 reservation fee on loan sizes up to £149,999
• £1,499 reservation fee on loan sizes between £150,000 and £500,000
• Capped at 4.99%