Repossession claims in England and Wales at highest in five years

Repossession claims in England and Wales at highest in five years

Both bank and landlord cases rise but remain below pre-Covid levels, despite tough cycle of interest rate rises

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The number of claims made by banks and landlords to repossess homes in England and Wales has reached the highest level in five years as households struggle with higher borrowing costs.

Figures from the Ministry of Justice show mortgage possession claims made by lenders in the county courts reached 5,343 in the three months to the end of June, up 34% on a year earlier, to hit the highest level since the first quarter of 2019.

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