Number of homeowners in mortgage arrears on the rise, says UK Finance
The number of homeowners in mortgage arrears is continuing to rise as living costs and high interest rates take their toll on households, according to trade association UK Finance.
Some 93,680 homeowner mortgages were in arrears of 2.5% or more of the outstanding balance in the fourth quarter of 2023, marking a 7% jump compared with the previous quarter and 25% higher than the fourth quarter of 2022.
Within the total, 30,750 mortgages were in the most serious arrears band, equating to more
