DEMSA Key Themes ¦ Industry and Regulatory Developments

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Mortgage and Credit Market Dynamics

Mortgage Arrears Increase: The bulletin reports a 7% increase in homeowner mortgage arrears and an 18% increase in buy-to-let mortgage arrears in Q4 2023, highlighting the growing financial stress on property owners. This trend is critical for financial services professionals to monitor as it may indicate broader economic challenges and affect lending risk assessments. UK Finance ReportConsumer Support and Mortgage Rates: UK Finance's emphasis on support for those struggling with mortgage payments and the reminder that seeking help won't impact credit scores is vital for maintaining consumer trust and financial stability. The recent fall in mortgage rates could alleviate some payment shocks, making it an essential development for credit managers to consider in their customer engagement strategies. StepChange Report

Financial Vulnerability and Support Measures

Financial Difficulty Among M...

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