Posts Tagged ‘arrears’
Mortgage arrears at lowest levels since records began according to UK Finance.
Latest UK Finance Mortgage Arrears and Possessions Update released yesterday 10th May 2018 for the first quarter of 2018 headlines ‘Mortgage arrears at record low in Q1 2018.’ The update revealed: 1,200 homeowner mortgaged properties were taken into possession in the first quarter of 2018, unchanged from the same quarter of the previous year. Jackie…
Read MoreMortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Read MoreMortgages in arrears continue to fall
A recent news report from The Council of Mortgage Lenders (CML) headlined ‘Arrears and possessions continue to fall’. The number of mortgages in arrears continued to fall in the second quarter of this year, and is now at its lowest level since records began more than 20 years ago. Data from the CML show that…
Read MorePrisoners to their mortgage
Many interest only mortgages are fast reaching the end of their term, those mortgage holders who have not made plans as to how the original sum borrowed will be paid off could face repossession at the worst, nearly a million people are in such a situation because they have interest-only mortgages they just cannot pay…
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