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The Independent UK

Business

Vicky Shaw

Proportion of mortgage balances in arrears at highest level since 2017

PA Archive

The proportion of mortgage balances in arrears increased to the highest level in six years in the third quarter of this year.

The Bank of England said the proportion of the total loan balances with arrears, relative to all outstanding mortgage balances, increased on the quarter from 1.02% to 1.14% – the highest level since the second quarter of 2017.

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