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 what estimate he has made of the number of tenants who were evicted as a result of repossession of property by a mortgage lender in cases where landlords had not obtained the lender's permission to rent in the latest period for which figures are available.

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.

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).

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

http://www.cml.org.uk/cml/media/press/2456

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

http://www.fsa.gov.uk/pages/Doing/Regulated/Returns/IRR/statistics/

Dr. Brian Iddon is taking forward a Private Members Bill The Protection of Tenants (Mortgage Repossessions) Bill which will have its second reading on 29 January. The associated Impact Assessment (which is available in the Library of the House) contains estimates of tenanted properties which were repossessed by lenders.

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