Jump in mortgage arrears and homes being repossessed
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% 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. Some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023. UK