Arrears and possessions

Latest Data - Q2 2024

Published on 08/08/2024

Key data highlights:

• There were 96,070 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of 2024, broadly unchanged from in the previous quarter.
• Within the total, there were 34,420 homeowner mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 3 per cent fewer than in the previous quarter.
• There were 13,570 buy-to-let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of 2024, 1 per cent greater than in the previous quarter.
• Within the total, there were 5,660 buy-to-let mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 6 per cent fewer than in the previous quarter.
• Mortgages in arrears accounted for 1.10 per cent of all homeowner mortgages outstanding, and 0.69 per cent of all buy-to-let mortgages outstanding in the second quarter of 2024.
• 980 homeowner mortgaged properties were taken into possession in the second quarter of 2024, 8 per cent greater than in the previous quarter.
• 710 buy-to-let mortgaged properties were taken into possession in the second quarter of 2024, 13 per cent greater than in the previous quarter.

Mortgage Arrears Possessions Update - 8 May 2024