Repossessions of mortgages to landlords in England and Wales Q1 2010-Q1 2021

Published by Statista Research Department, Oct 11, 2023
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.

In the second and third quarter of 2020, the number of repossessions of mortgages to landlords in the United Kingdom (UK) dropped to nearly zero, followed by a slight increase in the fourth quarter of 2020 and fist quarter of 2021. In comparison, in the fourth quarter of 2019, repossessions in London alone measured over 2,000. Repossessions of mortgages to individuals followed a similar trend.

Number of repossessions of mortgages to landlords by courts in England and Wales from 1st quarter 2010 to 1st quarter 2021, by region

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Release date

May 2021

Region

United Kingdom

Survey time period

Q1 2010 to Q1 2021

Supplementary notes

Figures are seasonally adjusted.
This statistic is using original data from the Government Digital Service and includes copyright material from © Crown, licensed under the Open Government License v3.0

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