Mortgage misery for many

18% quarterly jump in homeowner repossessions

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The number of mortgaged homeowners having their home repossessed jumped by nearly a fifth in the first quarter of this year, compared with the previous three months, according to figures from a banking and finance industry body.

Some 1,220 homeowner repossessions were recorded by UK Finance in the first quarter of this year, marking an 18% rise compared with the last three months of 2024.

There were also 810 buy-to-let home repossessions in the first quarter of this year, marking a 16% rise on the previous quarter.

UK Finance said that, although repossession numbers increased, they remain low compared with the longer-term.