New Data Shows Q1 UK Mortgage Arrears Growth Slows to Lowest Since Mini-Budget

LONDON--(BUSINESS WIRE)--Pepper Advantage, a global credit intelligence company, today published data on its portfolio of over 100,000 UK residential mortgages that shows the rate of mortgage arrears* growth slowed in Q1 2024 to its lowest rate since Q4 2022, when the combined effects of the cost-of-living crisis and the September 2022 Mini-Budget began to impact UK household budgets. The percentage of mortgages in arrears across Pepper Advantage’s UK portfolio grew by 3.9% in Q1 2024 compared