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)

Tue, 03 Oct 2023

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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