Arrears and possessions

Latest Data - Q3 2023

Published on 9/11/2023

Key data highlights:

• There were 87,930 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the third quarter of 2023, 7 per cent greater than in the previous quarter.
• Within the total, there were 34,110 homeowner mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 10 per cent greater than in the previous quarter.
• There were 11,540 buy-to-let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the third quarter of 2023, 29 per cent greater than in the previous quarter.
• Within the total, there were 6,270 buy-to-let mortgages in the lightest arrears band (representing between 2.5 and 5 per cent of the outstanding balance). This was 33 per cent greater than in the previous quarter.
• Mortgages in arrears accounted for 0.93 per cent of all homeowner mortgages outstanding, and 0.44 per cent of all buy-to-let mortgages outstanding in the second quarter of 2023.
• 630 homeowner mortgaged properties were taken into possession in the third quarter of 2023, 9 per cent fewer than in the previous quarter.
• 450 buy-to-let mortgaged properties were taken into possession in the third quarter of 2023, unchanged from the previous quarter.

Mortgage Arrears Possessions Update - 9 November 2023