26 November 2024
Report: UK Mortgage Arrears Fall to Lowest Level since 2022 but Buy-to-Let Arrears Rise
Report summary: Q3 data from Pepper Advantage’s UK mortgage portfolio shows that the arrears environment for residential mortgages continued to improve – albeit slightly – with a 0.8% drop in the arrears rate relative to Q2 2024. The arrears rate for buy-to-let (BTL), however, continued to rise, increasing nearly 10% quarter-on-quarter. The BTL environment is now showing more stress than residential – a reversal of the trend seen during the cost-of-living crisis and an indication of structural challenges emerging in the BTL market.
Discover the full report here
