Sale and rent back firm Residential Property Solutions (RPS) believes brokers should beware taking too much notice of repossession and arrears forecasts.

The Council of Mortgage Lenders last week downgraded its repossession forecasts from 53,000 to 39,000 and has also downgraded its arrears figures from 205,000 to 175,000 for mortgages which are 2.5% or more in arrears.

Pete Thomson , managing director of Residential Property Solutions Ltd, said: “I hope the CML’s revised forecasts are correct