Posts with tag: landlord repossessions

Landlord possession statistics for England and Wales released

Published On: August 9, 2019 at 9:20 am

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Categories: Landlord News

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It now takes private landlords an average of 22.5 weeks from making a claim to the courts for a property to be repossessed to it actually happening.

This is according to the new statistics in the Ministry of Justice’s Mortgage and Landlord Possession Statistics for Q2 of 2019, which was released yesterday.

The figure is up from the 21.6 weeks it was taking for such cases to be completed at the beginning of the year.

Other main points highlighted by the publication include:

  • Mortgage possession actions have increased
  • Mortgage orders, warrant and repossessions have also increased
  • Mortgage median average time from claim to repossession has decreased to 39.4 weeks, from 46.6 weeks last year
  • Landlord possession actions have decreased 
  • The median time it takes for landlord possession actions to be completed has remained broadly stable
  • Mortgage possession claims and repossession rates remain at low levels
  • Landlord possession claims and repossessions are highest in London

The publication provides mortgage and landlord possession statistics in January to March 2019, compared to the same quarter the previous year.

Responding to this, John Stewart, Policy Manager for the Residential Landlords Association said: “Today’s figures show that the courts are unable to cope when landlords seek to repossess properties for legitimate reasons.

“With proposals to scrap Section 21 repossessions set to lead to a significant increase in cases brought to the courts, it is now a matter of urgency that the Government brings forward its plans for court reform.  This requires a fully funded, properly staffed, dedicated housing court that can bring rapid justice for landlords and tenants. Tinkering with the existing system will not be good enough.”

The full Mortgage and Landlord Possession Statistics in England and Wales, January to March 2019 are available to view here on the GOV.UK website.

Landlord and Mortgage Lender Repossessions Drop

Published On: November 13, 2015 at 12:12 pm

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Landlord and Mortgage Lender Repossessions Drop

Landlord and Mortgage Lender Repossessions Drop

Repossessions by landlords and mortgage lenders have fallen in the third quarter (Q3) of this year, according to data from the Ministry of Justice.

There were 5,010 mortgage possession claims in the county courts around England and Wales between July and September. This is just under half the amount issued in the same period last year.

In Q3 this year, there were 3,447 orders for possession, 6,252 warrants of possession and 1,419 repossessions by county court bailiffs.

The figures are down 52%, 38% and 49% on Q3 2014 respectively.

Repossession claims by social and private landlords also fell, by 5% on the same quarter last year.

In total, there were 38,662 landlord possession claims, most of which (61%) were from social landlords.

There were 29,197 orders for possession and 19,963 warrants of possession, down 6% and 1% respectively.

However, repossessions by county court bailiffs rose slightly, by 1%, to 11,267.

The increase in the number of actual repossessions by bailiffs is believed to reflect the amount of previous claims working their way through the system.

The average number of weeks between the initial claim and repossession was 41 weeks in Q3 this year.

Despite the drop in repossessions by landlords, homelessness charity Shelter notes that the total number of repossessions in the private rental sector in the year to September increased by 14%, to 22,531 households. It calls for action on homelessness.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Landlord’s Repossession Rights

Published On: January 8, 2015 at 4:15 pm

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Around four million properties are privately rented in England, and it is estimated that 20% of households will be within this sector by 2016.

With such a large proportion of the housing stock belonging to the industry, it is not surprising that things can go wrong. This can sometimes lead a landlord to repossess their rental property, or recover lost rent.

If a landlord needs to repossess their property, they should ensure that they stay within the law. There are a few reasons for ending a contract and taking hold of the home:

  1. Refurbishment

Properties that have been damaged, suffered problems, or are unsuitable for tenants may need major repairs, requiring the property to be empty.

  1. Landlord's Repossession Rights

    Landlord’s Repossession Rights

    Selling

The landlord has the right to sell their property when they decide.

  1. Rent arrears

This issue should be dealt with immediately, before the landlord loses too much income.

  1. Abandonment

This is a rare situation, but should it happen, the landlord should ensure that the property has definitely been abandoned before going in and finding new tenants.

  1. Bad rapport

If the tenant and landlord do not have a good relationship, landlords can face many problems, including loss of rent. Landlords should always act quickly and professionally.

Repossessing a rental property can be expensive, as rent can be lost, and there are costs for regaining the house, including legal expenses.

The section 8 notice is pricey and time-consuming. The better option is a section 21 notice, needing two months’ notice before the Assured Shorthold Tenancy (AST) ends, or when it is over. Landlords should always observe the law and protect deposits.