§ 24. Ms LynneTo ask the Secretary of State for the Environment how many houses were repossessed in each year since 1990; and if he will make a statement. [28050]
§ Mr. CurryFigures published by the Council of Mortgage Lenders show that the number of properties taken into possession in each year since 1990 is as follows:
- 1990: 43,890
- 1991: 75,540
- 1992: 68,540
- 1993: 58,540
- 1994: 49,210
These figures show that the number of properties taken into possession in 1994 was the lowest since 1990 and 35 per cent. lower than the peak in 1991.
§ 27. Mr. Roy HughesTo ask the Secretary of State for the Environment what is his latest estimate of the number of households likely to lose their home through repossession for mortgage arrears in the next 12 months. [28054]
§ Mr. Robert B. JonesThe Government do not make predictions about future levels of repossessions, but I am pleased to note from the latest figures published by the Council of Mortgage Lenders that the number of properties taken into possession in 1994 was the lowest since 1990 and 25 per cent. lower than the peak in 1991.