31 January 2024
Press Release: Q4 UK Mortgage Arrears Climb Higher
29.5% annual jump in arrears across Pepper Advantage’s 100,000+ UK residential mortgage portfolio Arrears reach another post-financial crisis high Direct Debit Rejections, a form of missed mortgage payment and a leading indicator of borrower stress, grew 30.8% year-on-year Pepper Advantage’s portfolio has a higher composition of borrowers who qualify for needs-based support and shows impact of rising costs on this population
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