Tuesday 15 August 2017

Mortgage Arrears Numbers Drop To Lowest Level Since 1994

Cases of mortgage arrears have fallen to their lowest levels in at least 23 years, banks and building societies have reported. The number of mortgages in arrears amounting to 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of 2017, trade body UK Finance reported. This was the lowest level since at least 1994, when records started. The total was 5% lower than in the first quarter and amounted to 0.8% of the more than 11 million mortgages outstanding in the UK. Read more on the Belfast Telegraph website.

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