Fitch Ratings said today that approximately 30% of all repossessions in the U.K. in 2008 came from defaults of nonconforming borrowers, even though the sector only comprised under 10% of the entire U.K. mortgage market.

Approximately 12,200 properties repossessed during the last year were secured by a non-conforming mortgage. The number of repossessions also gathered pace during the year, with more properties repossessed in the fourth quarter than in each of the previous three quarters, according to data compiled by Fitch.

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