For the second time, the CML has lowered its expectations for the number of reposessions. It still expects further reposessions, but not as many as originally feared.

See http://news.bbc.co.uk/1/hi/business/8356258.stm for full story.

For anyone out there finding themselves in trouble, here is the best possible advice I can give.

DO NOT BURY YOUR HEAD IN THE SAND!!!!

Speak to someone about it and get advice. There are lots of people who can help you. You can speak to the CAB, your lender or even a mortgage broker, all of these people can offer you specific advice about your situation, and I can assure you that the moment you deal with the problem you will feel a million times better.