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Defaults rates on mortgages and credit cards set to increase, lenders predict

Lenders reported that default rates on mortgages had already increased in the third quarter of this year.

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Defaults rise, demand slows: BoE credit report – Mortgage Strategy

Lenders say that defaults on secured loans to households rose in the last quarter, while the demand and supply of this type of lending fell, according to the Bank of England. The default rate on secured loans to households posted a net balance of 43.3 in the three months to the end of August, up from 30.9 in the

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Value of mortgage advances lowest since 2020 - BoE – Mortgage Strategy

Value of mortgage advances lowest since 2020 - BoE – Mortgage Strategy
mortgagestrategy.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagestrategy.co.uk Daily Mail and Mail on Sunday newspapers.

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Mortgage approvals fall in April after March reprieve – Mortgage Strategy

The number of mortgage approvals hit 48,700 in April, a fall on the number made the previous month. Figures from the Bank of England show this was down from the 51,500 approvals in March and indicates the market is again declining after two months of slim growth. However the number of approvals for remortgaging

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Mortgage approvals increase in March ahead of expected base rate rise

Approvals for residential home loans jumped 18% compared to February, according to Bank of England data - but some fear mortgage rates may rise again.

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