Types of court repossession in London (2003-2021 Q3)
Between 2015 and 2019, the total number of repossessions in London fell by more than 50%. This fall was primarily driven by the reduction in landlord accelerated repossessions - the route taken by private landlords to regain possession of a property after a Section 21 (a so-called “no fault”) eviction. At the end of 2019, this type of repossession was just over a third of the level it was in 2015.
Repossessions for people with mortgages have almost disappeared in London over the past decade, falling from over 3,604 a year in 2009 to 381 in 2019. This was possibly caused by low interest rates.
Evictions were paused in 2020 after the COVID-19 pandemic, explaining the huge reduction in that year and, although most schemes have now ended, repossessions continue to remain lower than pre-pandemic years. The most recent quarterly data point for Q3 of 2021 shows 1,620 repossessions in total across all of London compared to 1,915 throughout the whole of 2020.