How are home repossessions recorded in the UK?
House repossessions are an important issue to understand and track.
In recent years, due to the COVID-19 repossession holiday, rising interest rates, increasing costs of living, job losses and other unforeseen expenses, more people have been facing the reality of losing their homes in the near future.
The Land Registry is where house repossessions are recorded in England and Wales. We will go into more detail about where that information is stored and whether it is available to the public.
Learn more about possession hearings reactivating: COVID-19: Reactivation of possession proceedings
But first, we will give a short overview of house repossessions in the UK.
Overview of House Repossession in the UK
House repossessions are usually compared to pre-pandemic levels as during the pandemic house repossessions were paused by the government.
According to statistics from the Ministry of Housing, Communities Local Government, the number of repossession orders issued in England and Wales in 2019 was 4,490 – a decrease of 10% compared to 2018 numbers. However, when we look at this in comparison to 2022 figures, there has been a 55% decrease with 2,890 repossession orders issued in England and Wales.
The reasons for house repossessions in the UK can vary from person to person, but often include job losses or unexpected expenses. These situations can quickly spiral out of control and lead to people losing their homes. However, with the right knowledge and guidance you can avoid your home being repossessed, which is exactly what the Repossession Expert does.
Learn more about repossession timelines: How Long does it take to Repossess a House?
The Role of the Land Registry
The Land Registry is the government agency responsible for recording all property transactions in England and Wales.
The Land Registry’s database holds information about who owns each piece of land, as well as details on mortgages that have been taken out. This database is available to the public, although some information may be restricted or redacted due to privacy laws.
House repossessions are recorded in the Land Registry’s database, but may not be immediately apparent. Mortgage lenders are required to notify the Land Registry when they repossess property, and details of the repossession will then be added to the database. When a property is sold following a repossession, this information is also recorded in the Land Registry’s database.
The information is accessible via a CSV file that can be downloaded by any member of the public. Repossessions started being recorded in April 2016 by the Land Registry.
The Role of Mortgage Lenders
Mortgage lenders play an important role in house repossessions. When borrowers default on their mortgage payments, the lender may take action to repossess the property. This process can involve legal proceedings and a court order before the repossession is granted. Once a property has been repossessed, it is then sold off to cover the remaining debt.
Other Sources of Information
In some cases, repossessions may also be recorded in local court records. This is particularly common in Scotland, where court records are more readily available than in other parts of the UK. To access these records, you can contact your local court or check online for any relevant documents.
House repossessions can have a devastating effect on people’s lives, and it is important to understand the ways in which they are recorded in the UK. The Land Registry holds information on house repossessions, while local court records may also provide useful information. It is important to seek out more information if you’re interested in this topic, to ensure you have all the facts.
If you’re facing repossession and need help, contact HMS now! Our experienced team of advisors can provide expert advice to help you stop repossession and keep your home. Get in touch today for a free consultation.
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