What proportion of homes in Britain are repossessed by lenders ?

Question

Lenders launched foreclosure actions against more than one in every 200 U.S. mortgage borrowers in the fourth quarter of 2006, the biggest share of homes at the start of the repossession process on record.

Answer 1

In the UK it's 0.15% of all owned homes are repossessed.

That's 19,000 homes that were repossessed in 2006.

With more than 11.7 million mortgages in existence those more than three months in arrears (and thus facing repossession) represented less than 1% of the total.