Repossessed houses monthly in England and Wales 2017-2019

The are several factors that can accumulate in the repossession of a home, the most common reason for being mortgage arrears. This occurs when you can no longer make the mortgage repayments. Mortgage lenders will repossess the home to sell to recover the money owed. Between January and December 2018, a total of almost 7.5 thousand homes in England and a further 641 homes in Wales were repossessed.

London, South East and North West come 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 relatively higher number of repossessions during 2019.

Repossessions account for less than one percent of sales 

In 2019, the number of repossessed homes was less than two percent of the volume of homes sold during the same period. As of the third quarter of 2019, The United Kingdom (UK) had the highest value of outstanding mortgage lending in Europe.

Monthly number of repossessed houses in England and Wales from January 2017 to June 2019, by country

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Sources

Release date

April 2020

Region

United Kingdom (England, Wales)

Survey time period

January 2017 to Dec 2019

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Statistics on "London (UK)"

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