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The number of homes repossessed in the UK fell to its lowest level since 1980 last year, industry figures show. There were 4,580 homes repossessed by mortgage lenders from owners who were unable to keep up with repayments on their home loans. Low mortgage rates and a less aggressive attitude from lenders has meant low levels of repossession in recent years. Mortgage arrears among homeowners have also been falling. Buy-to-let arrears
The figures from UK Finance, which represents lenders, showed that the number of landlords falling behind on mortgage repayments was unchanged in the final quarter of last year compared with the same three months in 2017. However, within this group, there was a 7% rise in buy-to-let mortgage holders with significant levels of arrears, defined as 10% or more of the outstanding mortgage.
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