The vast majority of properties were empty at the time of repossession.
Meanwhile, the proportion of cases involving dation in payment, in which borrowers in arrears hand over the keys of the property to the lender that approved the mortgage to cancel debt obligations, reached 32.5% of all repossessed homes.
This represents a rise from 2012, reflecting the introduction of new legislation to make this option easier. Borrowers have mostly opted for key return in the case of holiday homes, not primary residences.
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