BTL repossessions/arrears remain low

Mortgages arrears remain low according to data from the Council of Mortgage Lenders. 

The CML report arrears for Q1 2017 fell from the previous quarter.

There were 92,600 resi-mortgages in arrears, 0.84% of all mortgages, the lowest quarterly rate on record.

Q1 2017 saw BTL mortgage arrears over 2.5% of outstanding balance remain stable at 5000, with just 700 BTL properties repossessed during the period.

CML data for Q1 2017: 92,600 mortgages were in arrears,1,900 properties were taken into possession. Find out more: https://t.co/rGwoxkzx77 pic.twitter.com/CjcMnjQDcs

— CML press office (@cmlpressoffice) May 11, 2017

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