Recent data published by The Ministry of Justice shows a 98% rise in repossessions by Landlords in the last quarter of 2022. This increase has been recorded in all regions of England and Wales, with private and social landlord claims remaining concentrated in London.
The volume of mortgage and landlord possessions has increased steadily through 2022 – especially during the post-pandemic era.
The data also shows that the timeline to obtain possessions has decreased. For mortgage claims, repossessions are also making steady progress back to what they were before 2019. Despite these improvements, it’s worth noting that factors outside the Court process can still have an impact on timelines.
The impact of COVID-19, rising costs, and uncertainty in the markets are all factors in increasing possession claims throughout England and Wales. There is a steady rise in Private Landlord and Accelerated Procedure Volumes has also driven the increase.
The streamlining of the process via the Accelerated Procedure has meant that there is some return to normality post COVID-19. However, the Government’s recent levelling up policy proposes the removal of the procedure. Therefore, those wanting to seek possession may want to take advantage of the procedure while it is still an available option.
The rise of possessions has brought uncertainty – both for Landlords and Tenants. The most effective way to obtain certainty of your position is to instruct solicitors and seek advice on the possession proceedings procedure. This includes drafting/reviewing of notices and attending any hearings.
Pinney Talfourd are experts in commercial and residential property litigation and can advise you on changes to the law. Please do not hesitate to contact either Oliver-James Topping or Joshua De Luna should you wish to discuss anything further.
The above is meant to be only advice and is correct as of the time of posting. This article was written by Joshua De Luna, Solicitor in the Property Litigation team at Pinney Talfourd LLP Solicitors. The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. Specific legal advice should be taken on each individual matter. This article is based on the law as of February 2023.