Mortgage arrears are up

Mortgage arrears have increased 4.2% in the first quarter. It's grim out there, but I remain hopeful interest rates will move down soon.

Mortgage arrears hit 7 year high!

The latest data from the Bank of England shows that mortgage arrears rose in the last quarter of 2023. This wasn't unexpected, given the turmoil created by the pandemic and the high-interest rates that followed.

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