Homeowners in mortgage arrears up 25% in a year as 率 増加するs bite

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The number of?homeowners in mortgage arrears has 増加するd 25 per cent over the last year, new data has shown.?

Homeowner mortgages in arrears 増加するd by 5,750 to a total of 93,680 in the final three months of 2023, によれば UK 財政／金融 代表するing a 7 per cent 増加する when compared to the previous three months.

一方／合間, buy-to-let mortgages in arrears rose by 18 per cent to 13,570 in the final three months of last year.?

This means buy-to-let mortgage arrears is up by an alarming 124 per cent year-on-year.?

Number of people in arrears on their mortgage 増加するd by 5,750 in the final three months of 2023

Mortgage arrears are when people 落ちる behind on their mortgage 返済s.?

An 概算の 1.5 million homeowners and 230,000 buy-to-let mortgaged landlords have 直す／買収する，八百長をするd-率 mortgage 取引，協定s that are 予定 to end this year.

Last year, a succession of base 率 引き上げ（る）s and disappointing インフレーション fig ures saw 普通の／平均（する） two-year 直す／買収する，八百長をするd mortgage 率s reach a high of 6.86 per cent in the summer, によれば Moneyfacts, while five-year 直す／買収する，八百長をするd 率s 攻撃する，衝突する 6.37 per cent.

Although 普通の／平均（する） two-year 直す／買収する，八百長をするd mortgage 率s have fallen to 5.58 per cent while five-year 直す／買収する，八百長をするs are now at 5.22 per cent, they remain a lot higher than the 2-2.5 per cent 普通の／平均（する）s 記録，記録的な／記録するd 事前の to 利益／興味 率s ロケット／急騰するing 上向きs in 2022.

?吊りくさび Shaw, a mortgage 助言者 at Shaw 財政上の Services said: 'It's worrying to see mortgage arrears data continue to rise, and unfortunately, this is a direct consequence of higher mortgage 率s, the cost of living 危機 and, for many years, stagnating 給料.'

Hannah Bashford, director at mortgage 仲買人 Model 財政上の 解答s 追加するd: 'These 統計（学） will be a stark 思い出の品 of the 財政上の 強調する／ストレス homeowners and landlords are still under.?

'There is always going to be a lag with this data as there has been the Mortgage 借り切る／憲章 and people will have been using their 貯金 to keep making their 返済s but as those 貯金 乾燥した，日照りの up or the end of the six months 近づくs, people who are struggling may 落ちる into arrears.?

'We certainly 港／避難所’t seen the end of this and I 恐れる there will be more to come.'

Repossession 人物／姿／数字s remain low?

Mortgages in arrears 現在／一般に account for 1.07 per cent of all homeowner mortgages 優れた, and 0.69 per cent of all buy-to-let mortgages 優れた.

その上に, the number of repossessions remains very low, によれば UK 財政／金融.?

A repossession is when a 貸す人 takes 支配（する）／統制する of a 所有物／資産／財産 after a borrower has defaulted on their mortgage, usually ーするために sell it. This a last 訴える手段／行楽地 after other 選択s have been 調査するd.?

Across both the buy-to-let and homeowner mortgage 部門 there were a total of 1,040 homes repossessed in the final three months of 2024.?

This is lower than the almost 2,000 repossessions 記録，記録的な／記録するd in the final three months of 2019 before the pandemic.?

Scott Taylor Barr, 主要な／長／主犯 助言者 at Barnsdale 財政上の 管理／経営 says: '状況 is 重要な when looking at 統計（学）. After all, if one pe rson was repossessed in 2022 and two people in 2023, that's a 100 per cent 増加する.?

'によれば the FCA 人物／姿／数字s for 2023 the total UK mortgage 負債 is £1,654.3 billion. Finder's mortgage 統計（学） show the 普通の／平均（する） UK mortgage is £189,503.?

'That means that the total number of mortgaged 所有物／資産／財産s in the UK should be around 8.7 million homes.?

'So, even with this 増加する only 1.23 per cent of total UK mortgages are in arrears and from a macroeconomic viewpoint that's a tiny 量.'

最終的に, 貸す人 強調する／ストレス 実験（する）s have helped 確実にする that borrowers are able to keep up with their mortgage 支払い（額）s, even when their 利益／興味 率s rise above those in place when they first took out their mortgages.?

Although 強調する／ストレス 実験（する） 指導基準s were 恐らく relaxed in 2022 when the Bank of England dropped its 必要物／必要条件 for 貸す人s to carry out affordability 強調する／ストレス 実験（する）ing.

This 以前 meant borrowers had to 証明する they could still afford their mortgage 返済s if their mortgage 率 was to 増加する to 3 per cent above their 貸す人's 基準 variable 率.

Mortgages in arrears accounted for 1.07 per cent of all homeowner mortgages 優れた

Another element of the mortgage affordability 指導基準s that has been kept on is the 貸付金-to-income 割合.

This is a cap on the 量 banks can lend based on the borrower's 年次の income. They are able to 申し込む／申し出 some 貸付金s above this level, but there are tight 制限s on how many.

As a general 支配する of thumb, most people will have been 限られた／立憲的な to a 最大限 of 4.5 times their income when they took out their mortgage.?