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    Mortgage lending set to fall in 2024 as arrears grow – UK Finance

    by Vicky Shaw Dec 11, 2023 3 minutes
    Source: PA Wire

    Mortgage lending is set to slump next year, as the number of arrears and repossessions increases, according to a trade association representing the UK banking and finance industry.

    The outlook for 2024 is one of continuing challenges in the mortgage market, but the main pressures on affordability look to be peaking now, UK Finance said.

    It added that, while it will take some time for the pressure on household finances to recede,

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