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Mortgage Defaulters

Volume 129: debated on Thursday 10 March 1988

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105.

To ask the Secretary of State for the Environment what are the latest figures he has for property repossessions arising from mortgage default over the last three years.

Following are the available estimates:

Properties taken into possession by Building Societies United Kingdom
Calendar yearNumberPercentage of mortgage loans outstanding at end of period
198516,4900·25
198620,9300·30
198722,6300·32
Properties taken into possession by local authorities England
FinancialNumberPercentage of mortgage loans outstanding at end of period
1984–855700·10
1985–866300·13
1986–874900·12
Corresponding information is not available from other lending institutions.