Credit, Collections & Insolvency News
Latest data from the Bank of England has shown that the outstanding value of all residential mortgage loans increased by 0.7% from the previous quarter to £1,746.1 billion, and was 2.6% higher than a year earlier. The value of gross mortgage advances decreased by 12.3% from the previous quarter to £69.6 billion, and was 10.2%…
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Latest mortgage lending data from the Bank of England and FCA shows that the value of outstanding mortgage balances with arrears is 18% higher than a year earlier and has risen to £21.9 billion, albeit this has declined by 0.4% compared to the previous quarter. New mortgage arrears cases (as a proportion of total outstanding balances…
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