Mortgage arrears have risen by 45% in a year as the reality of interest rate increases presents itself
The amount of mortgage arrears has risen by 44.5 percent in the first three months of this year as homeowners struggle with higher interest rates, Bank of England data shows. Outstanding payment arrears rose to £21.3 billion, up 4.2 per cent on the last three months of 2023 and up 44.5 per cent on the … Read more
