50% of Repossessions Are By Sub Prime Lenders

 
According to statistics published today by BBC Radio 5, FIFTY PERCENT of all repossessions in 2008 involve sub prime lenders.
No surprise there then?

Except that sub prime mortgages only make up 6% of UK mortgage lending.
Among the other fifty percent the highest number of repossessions are being brought by high street lenders Britannia Building Society, Bradford [...]

Mortgage Approvals at 3 Year Low – Repossessions Rise

From BBC News 29th November
The property market is showing signs of slowing down, analysts say.
The number of mortgage approvals has fallen to its lowest level for nearly three years, says the Bank of England.

In October there were 88,000 new mortgage approvals, down from 100,000 in September and 128,000 a year ago, the Bank said in [...]