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# UK mortgage arrears fall, repossessions rise
- URL: https://wisener.net/uk-mortgage-arrears-fall-repossessions-rise/
- Published: 2025-02-11T00:00:00.000Z
- Updated: 2026-10-12T18:28:19.000Z
- Description: The latest data from the UK Finance suggests that although the number of arrears cases are falling in the UK, repossessions are increasing.
- Author: Lee Wisener
- Tags: Arrears, Repossesion, #Import 2026-10-12 18:55

UK Finance is a trade association that represents the banking and finance industry. It has recently released the latest arrears and repossession figures for the end of 2024\. A summary of what has happened in the quarter.

## Arrears

According to the latest figures for the 4th Quarter of 2024, the number of homeowner mortgage loans in arrears has fallen by 2% compared to the 3rd Quarter. In a slightly better position are Buy to Let mortgages which have seen arrears fall by 3%.

The overall number in arrears is still low though. Around 1.06% of all homeowner mortgages are in arrears and 0.65% of buy-to-let mortgages.

There is one particular area that has increased. Homeowner mortgages that are in arrears of 10% or more of the mortgage balance have increased by 9%.

## Repossessions

Not so good news here. In Quarter 4 2024 there were 1,030 homeowner mortgage properties repossessed. This is a 12% increase on the previous quarter. But it also represented a 54% increase on the same quarter in 2023.

700 Buy-to-Let properties were repossessed which is fairly static on the previous quarter but 30% greater than Quarter 4 2023.

The main cause being reported is higher interest rates often coupled with the increased cost of living. Many households have struggled in the last couple of years and I have read many heartbreaking stories of families struggling for many, many years but not being able to cope financially due to events of the last couple of years.