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The Independent UK
The Independent UK
Business
Vicky Shaw

Value of mortgage balances with arrears rises by 28.8%

Simon Gammon Knight Frank Finance
PA Archive

The value of outstanding mortgage balances with arrears jumped by 28.8% annually in the second quarter of this year, according to Bank of England figures.

At £16.9 billion, this was also a 13.0% increase compared with the previous quarter, the mortgage lenders and administrators statistics showed.

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