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Mortgage arrears rise in tough climate â€" UK Finance – Mortgage Strategy

There were 76,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2023, 2% greater than in the previous quarter, according to the latest data from UK Finance. Within the total there were 27,700 homeowner mortgages in the lightest arrears band (representing between ....

United Kingdom , Lee Hopley , Adam Oldfield , Phoebus Software , United Kingdom Finance , Kingdom Finance , Consumer Duty , Mortgage Arrears ,

Rising interest rates sees mortgage arrears tick up as repossessions jump

The number of households falling into arrears continued increasing in the first quarter as rising interest rates continued to hit borrowers. According to ....

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