UK housing market in meltdown? The number of house reposessions jumped 71% in the three months to June 2008. It’s not easy out there right now and many people are finding it ever more difficult to keep up with their mortgage payments. Given the current state of the stock markets with banks getting bail outs from the taxpayer in return for tightening their practices, it is also perceived that they are more likely to seek house repossession rather than try to work out a plan with the mortgagee. I read a report in the Guardian last week in which the…