Data shows 18,600 home loans are in arrears

Data shows 18,600 home loans are in arrears
Many of the mortgages in arrears are due to be refixed in the next 12 months. (Image: Getty)
Staff reporters
There were 18,600 mortgage accounts past due in August, up 28% on the year before – many of them due to be refixed in the next 12 months.Data from credit bureau Centrix shows that new mortgage borrowing increased by 2% year-on-year for the month, but the number of borrowers in arrears was at 1.25% of all mortgages in September. That’s been relatively steady through this year, but it’s still well up on 0.98% recorded the same time last year. There were 1.49 million mortgages held during August, some of them multiple h...

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