The number of mortgages in arrears fell slightly in the
first quarter of 2017, and is down on both the previous quarter and a year ago,
according to the Council of Mortgage Lenders. There were 92,600 mortgages in
arrears, representing 0.84% of all mortgages, the lowest quarterly rate on
record. Within the total stock of arrears cases, all arrears bands except the
most serious showed a fall. However, the stock of cases with arrears of over
10% of the mortgage balance rose to 26,500. Although this is a small number
within the total mortgage market, it does suggest that there is a minority
cohort of borrowers for whom arrears are worsening. Read more on the CML
website.
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