Mortgage Affordability Squeeze to Persist, More Households at Risk of Arrears
- Mortgage lending to fall in 2024, more households in arrears - UK Finance forecast
- Affordability pressures peaking but situation not likely to improve much until 2025
- Mortgage rates remain high compared to post financial crisis
- Bank of England not expected to cut rates until Q3 2023
- Repossessions and arrears numbers forecast to rise but remain below historical highs