Repossessions on the rise

But mortgage arrears see slight drop despite economic uncertainty

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The number of homeowner properties being repossessed in the second quarter of this year jumped by 47% compared with the same period a year earlier, according to figures from a banking and finance industry body.

The figure was also 10% higher compared with the previous three months.

But UK Finance, which released the figures, said home repossessions remain significantly lower than long-term averages.

Its figures show 1,340 homeowner-mortgaged properties were repossessed in the second quarter of 2025.

Meanwhile, 790 buy-to-let mortgaged properties were repossessed in the second quarter, which was 2% lower than in the previous three months but 11% higher compared with a year earlier.