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Mortgage Defaults

Volume 75: debated on Tuesday 12 March 1985

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asked the Secretary of State for the Environment what information he has as to the number of mortgage defaults in 1983 and the first half of 1984.

On the basis of English local authorities' returns, it is estimated that during the financial year 1983–84 the authorities repossessed about 840 dwellings which had been mortgaged to them, and at the end of the year about 14,500 mortgagors were in arrears for six months or more, including 4,600 who had bought council houses. Corresponding estimates of building societies for 1983 and the first half of 1984 appear in the Building Societies Association publication "Mortgage Repayment Difficulties", which is available in the Library.Information on county court action for mortgage possessions in England and Wales in 1983, is contained in table 11.10 of "Housing and Construction Statistics 1973–1983", which is also available in the Library.