The value of mortgage balances in arrears has jumped to the highest level in seven years.
Bank of England figures show that arrears balances rose by 28.8% year-on-year to £16.9bn in the three months to the end of June, the most since the third quarter of 2016.
They now account for 1.02% of all outstanding home loans, up from 0.89% in the first quarter of the year.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
