The Ministry of Justice have released the 2019 Q2 report on mortgage and landlord possession claims.

Mortgage repossession claims up

There are currently over 10 million mortgages in the UK, with the outstanding amount owed over £1.4 billion. The average mortgage debt is just over £132,000 with the average UK price being just over £228,000 in April this year. There are currently around 10% of mortgages in significant arrears (this represents a total of 105 or more of the outstanding balance.

Mortgage repossession claims have risen, the increase represents a 39% increase to 6,179 from the same period in 2018. Mortgage repossessions have now risen for the past four consecutive quarters.

The highest rates of mortgage possession are in the East Midlands with the most repossessions seen in Boston in the East Midlands, with an overall rate of mortgage repossessions of 37 per 100,000 households.

Landlord possession claims

There has been an overall decrease in landlord possessions. Compared to the same quarter the previous year, landlord possession actions claims (26,695), orders for possession (21,384), warrants (13,685) and repossessions (7,428) have decreased by 9%, 6%, 4% and 10% respectively.

The highest rate of landlord possession claims is in London with the most seen in Newham, most claims, 58% in total are possession claims from social landlords.

London boroughs accounted for 9 out of the 10 local authorities with the highest rate of landlord claims.

The number of claims from private landlords has seen an increase of 2%. From claim to repossession by county court bailiff, the median average time taken to progress to possession was 19.6 weeks - accelerated cases on average took 18.3 weeks, private landlord took 16.4 weeks, with social landlords taking 25.7 weeks.

The full report is available here.

The next update will be available on 14th November.

David Asker

David is an authorised High Court Enforcement Officer and our Director of Corporate Governance

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