Credit, Collections & Insolvency News
Latest data from the Ministry of Justice, fro Quarter 4 (Q4) has shown that mortgage claims, orders, warrants and repossessions increased.
Compared to the same quarter in 2023 there were increases in mortgage possession claims from 4,385 to 6,080 (39%), orders from 2,697 to 4,178 (55%), warrants from 2,240 to 3,305 (48%) and repossessions by county court bailiffs from 595 to 957 (61%).
The data also showed that landlord possession actions have all increased.
When compared to the same quarter in 2023 there were increases in landlord possession claims from 23,374 to 24,010 (3%), orders from 17,994 to 18,416 (2%), warrants from 10,170 to 10,877 (7%) and repossessions from 6,664 to 7,020 (5%).
Increases in landlord possession claims have been driven by an increase in London although this is offset slightly by falls in Wales, the North East, and the South West. Increases in mortgage possession claims have been recorded in all regions. Private landlord and mortgage claims remained concentrated in London.