If you are a landlord then you may be interested to read the Ministry of Justice report produced on 9th February 2017 entitled “Mortgage and Landlord Possession Statistics in England and Wales, October to December 2016 (Provisional)” that covers such things as the number of tenanted properties that are repossessed on behalf of landlords.
It is pleasing to see that the number of repossessions of rental properties for landlords has fallen with this being the pattern since April to June 2014. In the last quarter of 2016, county court bailiffs repossessed 9,067 properties on behalf of landlords that were let out. That is a reduction of 7% when compared with the 4th quarter of 2015.
Orders for possession totalled 24,674 with this being a fall of 13% when compared with Q4 of 2015. Landlord possession claims amounted to 30,920 in the last quarter of 2016 with this being a drop of 16% in comparison to the same quarter in 2015. Warrants of possession totalled 14,137 in the 4th quarter of 2016 with this being a reduction of 24% in comparison to the 4th quarter of 2015.
It is interesting that social landlord claims for possession made up 60% of claims with accelerated claims making up 24% of claims and private landlord claims made up 16% of claims. Another interesting statistic was that Newham had the highest rate of repossessions for landlords amounting to 241 for every 100,000 homes.
More information can be found on the gov.uk website about landlord repossessions.
Landlords have enough to deal with in respect of renting out one or more properties without having to worry about having to commence repossession proceedings to have a tenant evicted perhaps due to non-payment of rent or the tenant causing significant intentional damage to a rental property or its fixtures or furnishings or contents provided by the landlord. We will continue to keep our readers up to date with any interesting news or statistics relating to landlords.