Tag Archives: landlord repossession

Landlord repossessions rocket to a record Landlord News, Latest Articles, Lettings & Management

Landlord repossession claims have reached a record level with increases being seen in all regions of England and Wales, the Ministry of Justice (MoJ) reveals.

The MoJ says that landlord possession actions have increased significantly in the three months to the end of September.

When compared to the same quarter last year, landlord possession claims rose from 10,202 to 21,012 – that’s an increase of 106% – and orders grew from 5,601 to 15,352 – a rise of 174%.

The figures also show that warrants have risen from 4,552 to 8,505 (87%) and repossessions from 4,891 to 5,403 (10%).

However, homeless charity Crisis says the government needs to act because renters are facing ‘huge uncertainty’.

Increases in possession claims have been recorded in all regions

The increases in possession claims have been recorded in all regions with most claims being concentrated in London – Brent had the highest rate.

The MoJ also highlights that the median average time from claim to landlord repossession has decreased to 22.3 weeks, down from 68.6 weeks in the same period in 2021.

A statistician for the MoJ said: “Private landlord and accelerated procedure volumes have surpassed pre-pandemic Covid levels with private landlord claims recording the highest level ever, this quarter.”

They added that orders and warrants of possession issued have followed similar trends to receipts – and are still below pre-covid levels but the numbers are steadily rising.

Warning that tenancy evictions will continue rising

Crisis, the homelessness charity, is warning that tenancy evictions will continue rising as the cost-of-living crisis deepens and the court’s lockdown backlog is cleared.

The charity says that the Prime Minister, Rishi Sunak, must increase housing benefits in next week’s Autumn Statement – and keep to a manifesto pledge to end no-fault evictions.

The chief executive of Crisis, Matt Downie, told the Independent newspaper: “With the number of claims by landlords looking to repossess their homes more than doubling, it’s clear that we need to act quickly.”

He added: “We must urgently put a safety net in place to help people who might find their tenancies ended at a moment’s notice.”

Property Forum and News website where UK landlords and letting agents share best practice