Mortgages: Repossession Orders

Treasury written question – answered on 25th January 2010.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Chancellor of the Exchequer how many tenanted properties were repossessed by mortgage lenders from landlord owners in (a) England and (b) Coventry between 2005 and 2009; what assistance his Department provides to tenants who are evicted as a result of such repossessions; and what recent representations his Department has received on the matter.

Photo of Ian Austin Ian Austin Minister of State (Regional Affairs) (West Midlands), The Parliamentary Under-Secretary of State for Communities and Local Government

I have been asked to reply.

The issue of tenants being evicted at short notice as a result of landlord repossession was raised with the Department in early 2009. Representations were received from the Council of Mortgage Lenders, Shelter, Crisis, Citizens Advice and the Chartered Institute of Housing. The problem of short notice eviction of tenants is due to a legal gap in protection.

Tenants who receive notice that their landlord is to be repossessed by their lender should make themselves known to the lender as soon as possible in order that the lender can take them into account.

In August 2009 the Government issued a consultation document-"Lender repossession of residential property: protection of tenants". As a result of this consultation the Government are supporting a Private Members Bill being taken forward by Dr. Brian Iddon. Second reading of the Mortgage Repossessions (Protection of Tenants etc) Bill is to take place on 29 January. The Bill gives tenants the opportunity to request a delay to possession while they find alternative accommodation. The Bill was published on 22 January. The associated Impact Assessment was also made available on this date. The Impact Assessment makes some estimates of the numbers of tenants who have suffered short notice eviction as a result of landlord repossession.

There are two independent sources of data on actual numbers of mortgage possessions: The Council of Mortgage Lenders (CML) and the Financial Services Authority (FSA). However both are only available for the United Kingdom as a whole.

The Council of Mortgage Lenders latest press release on repossessions is on their website at:

The Financial Services Authority data are available on their website at:

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