Home-owner repossessions up 51% in a 12 months however figures ‘beneath long-term common’

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Your assist makes all of the distinction. Learn extra The variety of house owner mortgaged properties being repossessed within the third quarter of this 12 months was 51% larger than the identical interval in 2024, in response to figures launched by a banking and finance business physique.

However UK Finance, which launched the figures, stated that regardless of the rise, repossessions stay considerably beneath long-term averages.

Some 1,390 house owner mortgaged properties have been repossessed within the third quarter of 2025, marking a 51% annual enhance and a 4% rise in contrast with the earlier quarter.

As well as, 900 buy-to-let mortgaged properties have been repossessed within the third quarter of 2025, which was a 29% annual enhance and 14% larger than within the earlier quarter.

Present repossession ranges are broadly consistent with these seen within the 5 years earlier than the coronavirus pandemic, UK Finance stated.

The figures additionally confirmed that the variety of mortgages in arrears has fallen.

Within the third quarter of 2025, there have been 84,100 house owner mortgages in arrears of two.5% or extra of the excellent stability, which was 10% down on a 12 months earlier and a 4% fall on the earlier quarter.

The variety of buy-to-let mortgages in arrears additionally fell, to 10,420, marking an annual lower of 20% and a fall of 8% in contrast with the earlier quarter.

Charles Roe, director of mortgages at UK Finance, stated the falls in mortgage arrears are a “optimistic signal”.

He stated repossessions “predominantly relate to mortgages organized greater than 10 years in the past and stay low by historic requirements and broadly consistent with pre-pandemic ranges”.

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Mr Roe added: “Lenders stay dedicated to supporting prospects who could also be struggling. In case you are fearful about your mortgage funds, please contact your lender as quickly as attainable to debate the tailor-made assist obtainable.”

In current weeks, a number of lenders have decreased the charges on the fixed-rate mortgages they're providing, amid expectations of a attainable additional Financial institution of England base price lower on the horizon.

Mary-Lou Press, president of NAEA (Nationwide Affiliation of Property Brokers) Propertymark stated: “Falls in each house owner and buy-to-let mortgage arrears are a welcome signal that stability is returning to the housing market after a difficult interval for a lot of debtors.

“It’s notably encouraging to see that arrears stay effectively beneath long-term averages, reflecting the effectiveness of lender assist and the resilience of households.”

However she stated the rise in repossessions “highlights that pressures nonetheless exist, notably for these on older mortgage merchandise who've been struggling for a while”.

“It stays essential that anybody experiencing monetary problem reaches out to their lender or seeks impartial, certified recommendation as early as attainable,” she stated.