Description
The Mortgage Arrears data gives detail on the number and value of mortgages in arrears, restructured mortgages, repossessed properties, for principal residences and buy-to-let properties. The reporting population includes credit institutions, non-credit institutions and non-resident mortgage providers. The chart demonstrates the number of mortgages in arrears for principal dwelling houses (PDH) and buy-to-let properties (BTL).
Importance
Mortgage arrears are a significant cause for concern for governments due to the implications these can have for the individuals concerned, the financial institutions and the wider economy.