There’s been a 14% rise in buy to let repossessions according to official figures from the lenders’ body, UK Finance.
Some 900 BTL mortgaged properties were taken into possession in the third quarter of 2025, 14% greater than in the previous quarter.
A total of 1,390 homeowner mortgaged properties were taken into possession in Q3 2025, 4% up on the previous quarter.
UK Finance has tried to calm nerves by saying that with these increases, possessions remain significantly below long-term averages. Current levels are broadly in line with those seen in the five years before the pandemic.
Meanwhile the number of buy to let arrears has dropped over the same period. It was down 8% compared with the previous quarter, to 10,420.
Within this total, 3,750 BTL mortgages were in the lightest arrears band, nine per cent fewer than in the previous quarter.
The overall proportion of mortgages in arrears remains low, at 0.97 per cent of homeowner mortgages and 0.54 per cent of BTL mortgages.
For comparison purposes, the number of homeowner and BTL mortgages in arrears in Q1 2009, the peak in arrears numbers during the global financial crisis, was 209,600.
Charles Roe, Director of Mortgages, at UK Finance: “The total number of mortgages in arrears continued to fall in Q3, as they have done since Q1 2024, which is a positive sign. While possessions have risen slightly, they predominantly relate to mortgages arranged more than ten years ago and remain low by historic standards and broadly in line with pre-pandemic levels.
“Lenders remain committed to supporting customers who may be struggling. If you are worried about your mortgage payments, please contact your lender as soon as possible to discuss the tailored help available.”
This article is taken from Landlord Today