Mortgage arrears up 15% in twelve months

The latest figures show the number of mortgages in arrears of between three to six months was 57,220, up from 53,960 in the second half of 2004 and 49,720 in the first half of the year, representing an increase of just over 15%. Mortgage arrears of between six and twelve months were also up, standing at 30,980 compared with 26,920 in December 2004 and 26,980 six months earlier. Meanwhile the number of houses repossessed rose from 3070 in the second half of 2004 to 4640 in the first six months to June 2005 but, the CML says, they remain at historically low levels adding the figures are si...