21 June 2023
Pepper Advantage sees highest growth in UK mortgage arrears rate since Financial Crisis
Global credit intelligence provider, Pepper Advantage, has published data on its UK residential mortgage portfolio that reveals an 11% jump in its rate of arrears The rise is consistent with a 33% year-on-year increase in the rate of loan repayment collection failures – or Direct Debit Rejections Pepper Advantage’s 100,000+ UK residential mortgage portfolio has a higher concentration of borrowers who qualify for a discounted mortgage – and are more likely to be acutely impacted by the cost-of-living crisis – than the broader market, revealing pockets of stress other datasets miss
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