Arrears and possessions

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

Latest Data - Q4 2018

Key data highlights:

  • There were 4580 homeowner possessions in 2018, the lowest since 1980 when there were 3480 possessions. The number of outstanding homeowner mortgages increased from 6.2 million in 1980 to 9 million by the end of 2018.
  • There were 77,610 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2018, 5 per cent fewer than in the same quarter of the previous year.
  • There were 4,690 buy-to-let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2018, unchanged from in the same quarter of the previous year.
  • 1,130 homeowner mortgaged properties were taken into possession in the fourth quarter of 2018, 3 per cent fewer than in the same quarter of the previous year.
  • 540 buy-to-let mortgaged properties were taken into possession in the fourth quarter of 2018, 14 per cent fewer than in the same quarter of the previous year.

Mortgage Arrears Possessions Update - 14 February 2019

PDF XLSX