Arrears and possessions

Trends covering arrears and possessions of property linked to first charge mortgages provided by members.

Latest Data - Q1 2024

Published on 9/5/2024

Key data highlights:

  • There were 96,580 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the first quarter of 2024, 3 per cent greater than in the previous quarter.
  • Within the total, there were 35,320 homeowner mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 2 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 first quarter of 2024, unchanged from the previous quarter.
  • Within the total, there were 6,070 buy-to-let mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 11 per cent fewer than in the previous quarter.
  • Mortgages in arrears accounted for 1.11 per cent of all homeowner mortgages outstanding, and 0.69 per cent of all buy-to-let mortgages outstanding in the first quarter of 2024.
  • 870 homeowner mortgaged properties were taken into possession in the first quarter of 2024, 36 per cent greater than in the previous quarter.
  • 600 buy-to-let mortgaged properties were taken into possession in the first quarter of 2024, 20 per cent greater than in the previous quarter.

Mortgage Arrears Possessions Update - 9 May 2024