The level of mortgages in arrears has risen to a six-year high.
Data from the Bank of England showed total arrears balances as a percentage of all outstanding mortgages rose from 1.02% in Q2 to 1.14% in Q3.
That was the highest since the second quarter of 2017, according to the bank, which found that the value of mortgage balances with arrears reached £18.8bn in the three months to the end of September, up 11.4% quarter-on-quarter and 44% higher than a year earlier.
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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
