Spicerhaart Corporate Sales comments on UK Finance Arrears and Possessions

12 November 2026

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

“Despite the impact of the Middle East conflict, today’s data shows that those shocks are not yet filtering through to customers and their ability to manage their commitments. This has meant that the positive trend on arrears can continue, supported by the tremendous work of lenders to prioritise proactive engagement and good forbearance where necessary.

“This fantastic news is combined with repossession levels remaining static, which demonstrates that this is still the last resort for lenders. Where both arrears and repossessions will continue to be tested is through mortgage maturity, as borrowers move off more favourable deals and onto higher rates, as well as those in leasehold properties, which continues to be a real challenge for lenders to manage and make up more than half of the properties we manage on their behalf. In the final stretch of the year, this must remain a real focus for lenders, staying close to their customers and to their mortgage book, understanding where values sit and where there are potential risks to have the ability to intervene early if a client comes into difficulty.”