The number of mortgage possessions spiked in the first quarter of 2023, followed by three quarters of decline. Possession actions occur when a borrower fails to repay their loan on time and the lender takes possession of the property. In the fourth quarter of 2023, there were 540 possessions of properties occupied by homeowners and 500 possessions of buy-to-let properties.
Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023
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UK Finance. (February 8, 2024). Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/
UK Finance. "Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023." Chart. February 8, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/
UK Finance. (2024). Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/
UK Finance. "Quarterly Number of Homeowner and Buy-to-let Mortgage Possessions in The United Kingdom (Uk) from 4th Quarter 2020 to 4th Quarter 2023." Statista, Statista Inc., 8 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/
UK Finance, Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/ (last visited November 13, 2024)
Quarterly number of homeowner and buy-to-let mortgage possessions in the United Kingdom (UK) from 4th quarter 2020 to 4th quarter 2023 [Graph], UK Finance, February 8, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1452493/mortgage-possessions-uk-by-borrower/
