The total number of customers in arrears with their mortgages continued to fall in the second quarter of 2022, the latest data from trade body UK Finance has shown.
According to its mortgage arrears and possessions data for Q2 2022, there were 74,540 homeowner mortgages in arrears at the end of June 2022, a reduction of approximately 200 homeowner mortgages compared with the previous quarter. This is also 10% fewer than in the same period of the previous year.
From April to June, 630 homeowner mortgaged properties and 350 buy-to-let mortgaged properties were taken into possession. The number of buy-to-let mortgage possessions fell by 8% compared with the previous quarter, while the number of homeowner mortgage possessions rose by 5%.
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