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Repossessions of mortgages in England and Wales Q1 2010-Q3 2022, by mortgage type

Published by Statista Research Department, Nov 17, 2022
Repossessions occur when a borrower fails to repay their loan on time and the lender takes possession of the property. To avoid a spike in repossessions during the wake of the coronavirus (COVID-19) crisis, the Financial Conduct Authority (FCA) introduced a mortgage payment holiday with the option of borrowers to access payment deferrals. As a result, the number of repossessions fell to record low in 2020. In the third quarter of 2022, there were 744 repossessions of mortgages to private individuals and 5,403 repossessions of mortgages to landlords.

Number of repossessions of mortgages to landlords and private individuals in England and Wales from 1st quarter 2010 to 3rd quarter 2022

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Release date

November 2022

Region

United Kingdom

Survey time period

Q1 2010 to Q3 2022

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Statistics on " Mortgages in the United Kingdom (UK) "

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Statistics on Mortgages in the United Kingdom (UK)

Introduction

8

Mortgage volumes in the UK

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Households with mortgage: context and distribution

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Mortgage repayments

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Repossessions and consumer complaints

5

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