Repossessions and Evictions.

The Joseph Rowntree Foundation is an independent organisation working to inspire social change through research, policy and practice. In their annual report posted only this week they reveal the definitive picture of poverty in the UK.

The topic from the report we are spotlighting is on housing and specifically on repossessions and evictions.

In their report they state that Mortgage repossessions are at their lowest level for 10 years with particularly low rates in the South of England. Landlord evictions have been rising for five years and the rate in London is more than double the other English regions.

There were 38,000 evictions in England and Wales in 2014/15, almost five times the number of mortgage repossessions of 8,000. The number of mortgage repossessions peaked in 2008/09 at 37,000, and excluding a small rise in 2011/12 has been falling sharply since. In 2014/15 the number of mortgage repossessions was at its lowest for ten years.

Conversely, following five consecutive years of increases, the number of evictions of renting households is at its highest for at least ten years. About half of these evictions were carried out by social landlords. The number of such evictions increased sharply in the year to 2013/14 (up by 3,100) but only slightly in the year to 2014/15 (up by 850) to reach 19,000.

The number of evictions by a private landlord is much smaller at 4,600 in 2014/15. Although it is double the number ten years earlier, it only accounts for 12 per cent of evictions.

Most of the recent rise in evictions has been though the use of ‘accelerated possession orders’ which can be used by social and private landlords with shorthold tenancies once the initial fixed tenancy period has ended (typically a 6 or 12 month period). It allows possession orders to be made by the court solely on the basis of written evidence and without calling parties to a hearing. Some 14,000 evictions in 2014/15 used accelerated possession orders. The number of such evictions has risen by at least 1,000 every year since 2009/10 and has driven the rise in overall landlord evictions.

To see more on this specific report or Housing in general or to see the full report “Monitoring Povery and Social Exclusion 2015” visit: https://www.jrf.org.uk/mpse-2015?utm_content=buffer7b2ac&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More
Breaking News

Breaking Property News – 26/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sharing Success: The Guild Conference and Awards celebrate Member achievements The QEII Centre in Westminster, London, was abuzz with excitement on Friday, 22 March 2024, as The Guild of Property Professionals hosted its highly anticipated annual Guild Conference and Awards. Under the theme ‘Sharing…
Read More