Arrears and possessions

Latest Data - Q4 2023

Published on 8/2/2024

Key data highlights:

• There were 93,680 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2023, 7 per cent greater than in the previous quarter.
• Within the total, there were 35,940 homeowner mortgages in the lightest arrears band  (representing between 2.5 and 5 per cent of the outstanding balance). This was 5 per cent greater 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 fourth quarter of 2023, 18 per cent greater than in the previous quarter.
• Within the total, there were 6,800 buy-to-let mortgages in the lightest arrears band  (representing between 2.5 and 5 per cent of the outstanding balance). This was 8 per cent greater than in the previous quarter.
• Mortgages in arrears accounted for 1.07 per cent of all homeowner mortgages outstanding, and 0.69 per cent of all buy-to-let mortgages outstanding in the fourth quarter of 2023.
• 540 homeowner mortgaged properties were taken into possession in the fourth quarter of 2023, 14 per cent fewer than in the previous quarter.
• 500 buy-to-let mortgaged properties were taken into possession in the fourth quarter of 2023, 11 per cent greater than in the previous quarter.

Mortgage Arrears Possessions Update - 8 February 2024