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Question text
The Earl of Lytton to ask His Majesty's Government how many residential mortgages were handled by or on behalf of UK Asset Resolution in each 12-month period beginning with 1 July 2017; for each period what were (1) the number of compulsory repossessions and sales of underlying security; (2) the average surplus or shortfall realised upon sale of a security as a percentage of the stated mortgage acquisition cost; (3) the number of mortgagors against whom action was initiated after a sale to recover a shortfall in proceeds; and (4) the average administrative costs charged to mortgagors in respect of the combined property repossession, forced sale, and debt recovery processes. HL3614
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Date Answered
Monday 6 January 2025
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