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The Independent UK
The Independent UK
Business
Vicky Shaw

Spike in mortgage arrears and homes being repossessed as interest rates soar

PA Archive

The number of homes being repossessed and homeowners in arrears jumped in the first quarter of this year, according to figures from a trade association.

There was a 50 per cent increase in the number of homeowner-mortgaged properties being repossessed in the first quarter of 2023, compared with the previous three months, UK Finance said.

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