Arrears in payments for housing


  • Arrears in rental payments
  • Arrears in home loan payments
  • Arrears in mortgage payments

Incidence

In the UK in 1989 it was reported that the number of households between 6 and 12 months in arrears on mortgage payments rose by 29% to 58,380, although the number of people failing to keep up monthly mortgage payments could be 10 times that amount. No official figures were available on arrears of less than 6 months, but according to some estimates between 6 and 7% of customers, approximately 450,000 to 600,000 families could be 2 months in arrears.


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