Possessions up, down and about the same

The quarterly statistics for quarter 4 2008 on possession claims and orders are out [pdf]. Unsurprisingly, it is the mortgage repossession figures from the CML that got the headlines, being up significantly on 2007 – albeit by less than initially forecast by the CML. The mortgage possession claims issued actually dropped in quarter 4 2008 (although they had been at 38-39,000 for each of the previous three quarters of 2008, as opposed to 33-36,000 per quarter in 2007).

Meanwhile, landlord possessions are pretty static, or even slightly down. On the seasonally adjusted figures:

Mortgage possession
Claims brought
4.2007 – 36,444
4.2008 – 26,008

Order made
4.2007 – 25,555
4.2008 – 29,095
46% of orders suspended.

Possession taken (according to CML on first charge claims)
2007 – 26,200
2008 – 40,000 (Est)

Landlord possessions
Claims brought
4.2007 – 36,343 (6,344 via Accelerated Procedure)
4.2008 – 35,162 (5,049 via Accelerated Procedure)

Possession orders
4.2007 – 27,752 (5,006 via Accelerated Procedure)
4.2008 – 27,344 (4,068 via Accelerated Procedure)
41% of possession orders were suspended

The figures for the individual courts are immensely variable, but noticeably, the inner city courts generally saw rises.

About Giles Peaker

Giles Peaker is a solicitor and partner in the Housing and Public Law team at Anthony Gold Solicitors in South London. You can find him on Linkedin and on Twitter. Known as NL round these parts, and still is Nearly Legal on Google +.
Posted in Housing law - All, Mortgage possession, Possession and tagged , .

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