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Repossessed houses monthly in England and Wales 2017-2018

Monthly number of repossessed houses in England and Wales from January 2017 to December 2018, by country

by James Cherowbrier, last edited Aug 9, 2019
Repossessed houses monthly in England and Wales 2017-2018 Homes can be repossessed because of several factors, the most common reason for repossession is due to mortgage arrears. This occurs when you can no longer repay the mortgage repayments. Mortgage lenders will repossess the home to sell to recover the money owed. During 2018, a total of 6.8 thousand homes in England and a further 777 homes in Wales were repossessed.
North of England comes off worse

  Regionally, there appears to be a correlation with arrears of lower average weekly earnings and home repossession. Regions in the North of England saw a far higher number of repossessions during 2018, with the North West, Yorkshire and the Humber and, the North East seeing the highest numbers.

Repossessions account for less than one percent of sales

  In 2018, the number of repossessed homes was less than one percent of the volume of homes sold during the same period. As of the fourth quarter of 2018, The United Kingdom (UK) had the highest value of outstanding mortgage lending in Europe.
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Monthly number of repossessed houses in England and Wales from January 2017 to December 2018, by country

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