More than 100,000 mortgage borrowers are in serious difficulty after arrears levels rose for the fifth successive quarter.
Data from UK Finance showed that 93,680 homeowners were more than 2.5% in arrears on their outstanding balance in the last quarter of 2023, up by 25% on a year earlier.
Arrears among buy-to-let landlords grew faster still, up 124% to 13,570.
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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
