The value of residential mortgage write-offs in the United Kingdom (UK) has declined notably since 2009, when it exceeded 200 million British pounds per quarter. Except for the second quarter of 2019, the value has consistently remained below 50 million British pounds per quarter since 2016. In the third quarter of 2023, about nine million British pounds worth of financial institutions' mortgages to individuals were written off. Written-off mortgages are non-performing loans that cannot be collected from the debtor.
Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023
(in million GBP)
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Bank of England. (December 5, 2023). Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023 (in million GBP) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/
Bank of England. "Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023 (in million GBP)." Chart. December 5, 2023. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/
Bank of England. (2023). Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023 (in million GBP). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/
Bank of England. "Value of Residential Mortgage Write-offs in The United Kingdom (Uk) from 1st Quarter 2005 to 3rd Quarter 2023 (in Million Gbp)." Statista, Statista Inc., 5 Dec 2023, https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/
Bank of England, Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023 (in million GBP) Statista, https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/ (last visited October 09, 2024)
Value of residential mortgage write-offs in the United Kingdom (UK) from 1st quarter 2005 to 3rd quarter 2023 (in million GBP) [Graph], Bank of England, December 5, 2023. [Online]. Available: https://www.statista.com/statistics/1427136/value-of-mortgage-write-offs-uk/
