Escalating Mortgage Arrears Push Borrowers to Credit
The financial strain on UK mortgage holders has increased, with one in four turning to credit to meet payments.A significant 8% rise in mortgage arrears and a 39% increase in…
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home repossessions
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Mortgage Arrears Decline Despite Rising Repossessions
The third quarter of 2024 saw a notable decline in mortgage arrears across the UK, despite an uptick in home repossessions.Homeowner mortgages in arrears decreased by 3% compared to the…
Home repossessions in the UK continue to fall
The rate of home repossession in the UK continued to fall in the third quarter of 2012, the Council of Mortgage Lenders (CML) reported today. In its latest quarterly report,…