Home  Blog  London Property News  Landlords evict 5% more tenants in first quarter of 2016

Landlords evict 5% more tenants in first quarter of 2016

16 May 2016 / By: / Under: London Property News

The number of households evicted from rental accommodation in England and Wales rose by 5% in the first three months of 2016. 

Landlords evict 5% more tenants in first quarter of 2016 Seasonally adjusted figures from the Ministry of Justice show there were 10,732 repossessions of rented properties by bailiffs between January and March, up from 10,253 in the final three months of 2015.

But the number was down on the 10,855 repossessions recorded in the first quarter of 2015 and significantly lower than the record 42,728 private and public sector repossessions by court bailiffs that took place over the whole of 2015.

The MoJ says of the 10,636 evictions in England during the first three months of this year, 4942 were by social landlords, 1567 by private landlords and the rest “accelerated claims”, which are quicker than normal evictions. These tend to be used by private rather than social landlords.

Housing charity Shelter says this means around 14,235 people were evicted from their homes by private landlords in the first quarter of 2016, assuming an average of 2.5 people in each household.

Meanwhile, separate figures from banks and building societies show that the repossession rate among mortgage customers has fallen to its lowest level.

The Council of Mortgage Lenders says 2100 properties were repossessed by its members between January and March, made up of 1,500 homeowners and 600 buy-to-let borrowers.

If repossessions continue at this rate it said it would be the lowest annual number since 1982 when there were 6.9 million mortgages compared with 11.1m today.

For more information, click on the link below

The Guardian


Related Posts