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Mortgage possession orders up 24 per cent on last year – MoJ data

Mortgage possession orders were up 24 per cent at 29,516 in the third quarter compared to the same period last year, according to Ministry of Justice figures.

Possession orders – which are decisions made by judges in the county courts – were up 3 per cent on the second quarter of this year.

Possession claims by lenders were up 9 per cent in the third quarter compared to the same period last year at 38,511, but they dropped by 1 per cent on the second quarter of this year.

Neither figure represents the number of actual repossessions, which the Council of Mortgage Lenders provide data for, as some repossessions can occur without a court order being made, while not all court orders result in repossession.

In the third quarter 47 per cent of mortgage possession orders were suspended compared to 45 per cent in the third quarter of 2007 and 48 per cent in the second quarter of 2008.

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