The arrears rate stood at 1.33 percent of all mortgages by the end of
the first half, up from 1.10 percent at the end of 2007 and 1.02
percent at the end of the first half of last year, the CML said.
The CML is maintaining its forecast of 45,000 total possessions and
170,000 mortgages in arrears of more than three months by the end of
the year.
There are a total of around 11.74 million mortgages in the UK, the CML
said.
jessica.mortime r@thomsonreuter s.com
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Neither the Subscriber nor Thomson Financial News warrants the
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the first half, up from 1.10 percent at the end of 2007 and 1.02
percent at the end of the first half of last year, the CML said.
The CML is maintaining its forecast of 45,000 total possessions and
170,000 mortgages in arrears of more than three months by the end of
the year.
There are a total of around 11.74 million mortgages in the UK, the CML
said.
jessica.mortime r@thomsonreuter s.com
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News
Content, including by framing or similar means, is expressly
prohibited without the prior written consent of Thomson Financial
News.
Neither the Subscriber nor Thomson Financial News warrants the
completeness or accuracy of the Service or the suitability of the
Service as a trading aid and neither accepts any liability for losses
howsoever incurred. The content on this site, including news, quotes,
data and other information, is provided by Thomson Financial News and
its third party content providers for your personal information only,
and neither Thomson Financial News nor its third party content
providers shall be liable for any errors, inaccuracies or delays in
content, or for any actions taken in reliance thereon.
