Spicerhaart Corporate Sales comments on UK Finance Arrears and Possessions

13 August 2026

David Miller, divisional director at Spicerhaart Corporate Sales, said:

“Quarter after quarter, the tremendous, proactive work of lenders continues to shine through. Even where we’ve seen elevated interest rates in recent years, borrowers have shown that they are managing their commitments well. Where this will be tested is those existing borrowers coming to end of more favourable deals and moving onto much higher rates. Lenders need to be vigilant and stand ready to provide support where it is needed – for those get ready to refinance and as the implications of the Middle East conflict potentially start to bite.

“It’s fantastic to see the number of possessions decline in the quarter. Given what our data is telling us, I would confidently predict that the majority of these cases are leasehold properties – in particular, leasehold flats. They make up over half of the properties we current manage as soaring service charges and ground rents leave many borrowers with limited options and continue to force the hand of lenders. Otherwise as the data shows, possession does remain that last resort, as many lenders look to explore assisted voluntary sales to deliver a positive outcome for all sides.