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Owner Occupation

Volume 486: debated on Wednesday 21 January 2009

To ask the Secretary of State for Communities and Local Government what her latest estimate is of (a) the number of (i) homeowners, (ii) homeowners with mortgages and (iii) repossessions that have taken place in the last 12 months and (b) the number of repossessions which will take place in the next 12 months (A) in total and (B) as a percentage of the number of mortgaged properties. (249650)

In 2007, based on estimates from the Labour Force Survey there were 14,733,000 owner-occupiers in England of whom 8,228,000 had a mortgage.

According to data from the Council of Mortgage Lenders, at the end of 2007 there were 11,822,000 homeowners with mortgages in the UK. During that year 26,200 repossessions had taken place1.

The Council of Mortgage Lenders have forecast that there will be around 45,000 (0.38 per cent. of all mortgages) repossessions occurring during 2008 and 75,000 (0.66 per cent. of all mortgages) during 20091.

1 The CML data on mortgages and repossessions include buy to let mortgages (as well as owner-occupier mortgages). Their forecasts are available on their website at:

http://www.cml.org.uk/cml/publications/marketcommentary/109