1. Trends in Mortgage Repossessions in London
The number of mortgage repossessions peaked in the year to March 2009 at 4,610 and has since fallen by around 70%, helped by very low interest rates.
Interestingly landlord repossessions have climbed rapidly over the same period, from a low of 8,550 in 2009 up to 14,280 in 2013.

2. Repossessions in London
Source: Ministry of Justice Statistics

3. By Borough…….
Source: Ministry of Justice Statistics

4. Mortgage Rescue Scheme -London
Mayor’s decision to
close the scheme to new
applications in London
by the end of 2013.
27 cases have completed
so far in 2013/14.
Investment to be focused
on much needed new
supply of homes.
GLA to keep a watching
brief on mortgage
repossession trends.

5. The Mayors Strategy for London
Homes for London – The London
Housing Strategy to:
Focus on increasing housing delivery of all
tenures
increased focus on working Londoners
“who work hard to make the city a success”
The Mayor’s Housing Covenant – programme to:
invest £1.25bn
deliver up to 42,000 homes.