Arrears and possessions

Latest Data - Q3 2024

Published on 07/11/2024

Key data highlights:

• There were 93,630 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the third quarter of 2024, 3 per cent fewer than in the previous quarter.
• Within the total, there were 32,860 homeowner mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 5 per cent fewer than in the previous quarter.
• There were 13,000 buy-to-let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the third quarter of 2024, 4 per cent fewer than in the previous quarter.
• Within the total, there were 5,070 buy-to-let mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 10 per cent fewer than in the previous quarter.
• Mortgages in arrears accounted for 1.08 per cent of all homeowner mortgages outstanding, and 0.67 per cent of all buy-to-let mortgages outstanding in the third quarter of 2024.
• 990 homeowner mortgaged properties were taken into possession in the third quarter of 2024, 1 per cent greater than in the previous quarter.
• 710 buy-to-let mortgaged properties were taken into possession in the third quarter of 2024, unchanged from the previous quarter.

Mortgage Arrears Possessions Update - 7 November 2024