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To ask the Chancellor of the Exchequer what estimate he has made of the (a) number of households in mortgage arrears, (b) number of repossessions and (c) number of households benefiting from the Mortgage Rescue Scheme (i) in each region of England, (ii) in each London borough and (iii) in total in each of the last three years; and if he will make a statement.
I have been asked to reply on behalf of the Ministry of Justice.
The Ministry of Justice does not hold information on (a) number of mortgage arrears, (b) number of repossessions (i) in each region of England, (ii) by London borough as these can occur without a court order, such as where borrowers hand the keys back to the lender. Our figures only include repossessions carried out by county court bailiffs, and do not indicate how many properties have actually been repossessed.
The Council of Mortgage Lenders (CML) publishes the total numbers of mortgage repossessions in the UK. The following table shows the numbers of claims leading to orders being made for the (a) number of mortgage arrears, (b) number of repossessions in the UK in each of the last three years. These data are not broken down by region.
Information on numbers of households benefiting from the Mortgage Rescue Scheme is available on the DCLG website at:
|Number of mortgages in arrears and repossessions in the UK, 2010 to 2012|
|Number of mortgages in arrears||Number of properties taken into possession|