Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

MORTGAGE POSSESSION STATISTICS - SECOND QUARTER 2001

  • Comment
The Lord Chancellor's Department has published figures for mortgage ...
The Lord Chancellor's Department has published figures for mortgage

possession actions entered in the county courts of England and Wales

for the second quarter of 2001.

Table 1 shows the number of mortgage possession actions entered for

each year, by quarter, since 1995. During the second quarter of 2001

16,696 mortgage possession actions were entered and a total of

12,159 orders were made - 7,456 of which were suspended orders.

The figures do not indicate how many houses have been repossessed

through the courts; not all the orders will have resulted in the

issue and execution of warrants of possession.

In the second quarter of 2001 the number of actions entered was

nearly 4% less than the second quarter of 2000. For the same

period, figures show a decrease of nearly 15% in orders made (nearly

61% of orders made were suspended - compared to 60% in the second

quarter of 2000).

Explanatory Notes

1. The data provided in each of the tables relate to mortgage

possession actions entered and orders made in county courts in

England and Wales. Figures for suspended orders are also provided.

2. The data cover both local authority and private (eg banks

and building societies) mortgages.

3. The 2000 and 2001 figures are provisional and therefore liable

to revision to take account of any late amendments.

4. The figures do not indicate how many houses have been repossessed

through the courts; not all the orders will have resulted in the

issue and execution of warrants of possession.

- Actions Entered. A claimant begins an action for an order

for possession of residential property by way of a summons in a

county court.

- Orders Made. The court, following a judicial hearing, may

grant an order for possession immediately. This entitles the

claimant to apply for a warrant to have the defendant evicted.

However, even where a warrant for possession is issued, the

parties can still negotiate a compromise to prevent eviction.

- Suspended Orders. Frequently, the court grants the

mortgage lender possession but suspends the operation of the

order. Provided the defendant complies with the terms of the

suspension, which usually requires the defendant to pay the

current mortgage instalments plus some of the accrued arrears, the

possession order cannot be enforced.

5. Figures on properties being taken into possession are

published twice a year by the Council of Mortgage Lenders. These

figures may be obtained through the council's website.

6. Figures on mortgage possession actions are published on a

quarterly basis. Publication date of the figures for the second

quarter of 2001 will be 31 October 2001.

Table 1 MORTGAGE POSSESSION ACTIONS

(Local Authority and Private)

Year Quarter Actions Entered Orders Made1

1995 1 21 345 18 830

2 19 560 18 801

3 22 084 19028

4 21 181 18 599

84 170 75 258

1996 1 23 987 20 297

2 19 253 18 825

3 19 092 16 953

4 17 526 15 128

79 858 71 203

1997 1 16 298 14 649

2 16 566 14 550

3 16 778 13 999

4 17 431 13 958

67 073 57 156

1998 1 18 536 16 497

2 19 449 16 247

3 22 919 17 101

4 23 932 16 210

84 836 66 055

1999 1 22 525 18 057

2 19 811 15 483

3 19 478 13 997

4 19 794 12 657

__________

81 608 60 194

----------

2000 1 20 371 11 685

2 17 343 14 261

3 17 786 13 435

4 17 525 12 690

__________

73 025 52 071

----------

2001 1 18 168 12 001

2 16 696 12 159

1 Including suspended orders

R Revised since last publication

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.