Repossession claims have risen 39 per cent from Q2 2018 to Q2 2019, according to data collected by the ministry of justice.
This increase represents the fourth consecutive month in which mortgage possession claims rose, reaching 6,179 in Q2 2019.
The research also shows that mortgage orders, warrants and repossessions by county court bailiffs have also risen, increasing by 40 per cent, 34 per cent and 30 per cent, respectively.
Meanwhile, the median average time from claim to repossession has declined over the same time period, from 42 weeks to 36 weeks.
Landlord possession instructions, claims, orders, warrants and repossessions by county court bailiffs all fell, declining by 9 per cent, 6 per cent, 4 per cent and 10 per cent, respectively.
The median time taken to repossess a property under this category also fell, dropping by 0.1 week to 19.6 weeks in Q2 2019.
Boston in the East Midlands recorded the highest overall rate of mortgage repossessions, at 37 per cent of 100,000 households.
Furthermore, the highest rates of landlord possession actions were in London, with nine of the highest 10 claim rates, and seven of the highest 10 repossession rates, according to the data.
Responsible Lending development director Tim Waterlow says: “Financial stress in British households is rearing its ugly head in these figures. The number of repossessions may be small in relative terms but this is a keenly watched indicator of economic health for the country.
“Things aren’t nearly as bad as they were around the time of the financial crisis in 2009 when repossessions peaked but such a large jump, topping the year on year rise seen in the final quarter of last year, raises fears serious financial strain among households is on an upward trajectory once again.
“The great mystery here is which large lender alluded to in the report has seen defaults balloon so badly and why.”