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Description
The document "Pepper Arrears Report" provides an analysis of trends in UK residential mortgage arrears, with a focus on the dynamics between the residential and Buy-to-Let (BTL) sectors. It covers the improvement in arrears rates in various regions, the continued growth in BTL arrears, and a rebound in new mortgage originations. The report also highlights the uneven nature of recovery in the UK mortgage market, indicating that while some areas are improving, many borrowers continue to face financial challenges.
Key Take Aways
Residential mortgage arrears: The UK residential mortgage arrears rate has dropped for the first time since Q3 2022, signalling improvement.
Buy-to-Let arrears growth: In contrast, Buy-to-Let (BTL) mortgage arrears have continued to grow despite improvements in residential arrears.
Regional variations: Arrears rates have fallen in northern regions, with improvement noted in Yorkshire, Humberside, and the North West.
Southern regions' performanc...
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