21st
Feb 2015
“The number of landlord possession claims in county court recorded during October to December 2014 was 34,700, down 21% on the number of claims issued during the same quarter in 2013.
Provisional estimates of claims issued in October to December 2014 progressing to an order, warrant or repossession by county bailiffs were around 69%, 39% and 21% respectively.
- There were 27,400 orders for possession, 18,700 warrants of possession and 10,000 repossessions by county court bailiffs in October to December 2014. Compared to the same period in 2013, the number of orders issued has decreased by 15% and warrants by 1%. Repossessions have increased by 8%.
The annual total of claims issued in 2014 was 161,300, down 5% on the previous year. However the numbers of orders, warrants and repossessions in 2014 have increased since 2013. For repossessions, there were 42,000 in 2014, the highest annual figure in the series, which covers the period from 2000.”
Richard Merrick of PIMS says: “The significant reduction in possession claims being filed by landlords in Q4 last year in comparison to the same period in 2013 is good news indeed.
“Private renting is not a hobby, it is a business with business ethics, and it is not a sound commercial proposition to get rid of good tenants. Besides accruing additional management fees, if using third parties to find new tenants, there are lost revenues for properties remaining dormant.
“There would also be significant costs of refurbishment when some properties are reclaimed, retributive damage is incurred in many cases. Politicians, organisations and charities do not take this into consideration or have any idea of what landlords are facing nowadays.
“The constant “landlord bashing” from these people, organisations and media is from a lack of knowledge, which comes down to ignorance.”
PIMS Comment - eviction is a LOSS
In many respects Eviction is a very personal experience, statistics may show trends but when a tenant is not paying and causing you stress it is personal
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