UK mortgage arrears rise as high interest rates hit borrowers – as it happened

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

Newsflash: The number of mortgages in arrears has risen, partly fuelled by a jump in buy-to-let landlords falling behind on their payments.

Trade association UK Finance has reported that there were 87,930 homeowner mortgages in arrears of at least 2.5% of their outstanding balance, in the third quarter of this year.