Number of landlord and mortgage repossessions in England 2010-2024, by quarter
Repossessions occur when a borrower fails to repay their loan on time or a tenant is late on their rent, and the lender takes possession of the property. To avoid a spike in repossessions during the coronavirus (COVID-19) crisis, the Financial Conduct Authority (FCA) introduced measures for renters and mortgage borrowers. As a result, the number of repossessions fell to a record low in 2020. In the second quarter of 2024, there were 854 repossessions of mortgaged homes and 6,927 repossessions of rental properties by landlords.