Even though it looks like interest rates will fall throughout 2008, there will be more repossessions than ever as people struggle with mortgage repayment problems.
Last year 27,100 properties in the UK were taken over by lenders, the most since 1999.
The Bank of England has once again lowered the base rate in the hope that this will aid some consumers, but for many it comes too late.
The number of mortgage payments in arrears rose to 73,400 in 2007, an 11% increase from 2006 and the highest since 2001.