Latest figures on mortgage arrears indicate a grave crisis in the housing market, according to Threshold, the national housing charity.
The figures, published last week, show that 10.2 per cent of residential mortgages are now over 90 days in arrears, up from 9.2 per cent at the end of 2011. Furthermore, the number of mortgages over 180 days in arrears has increased during that time span by about one per cent: from 6.9 per cent in 2011 to the current 7.8 per cent.
