Problem
Arrears in payments for housing
Other Names:
Arrears in rental paymentsArrears in home loan payments
Arrears in mortgage payments
Incidence:
In the UK in 1989 it was reported that the number of households between 6 and 12 months in arrears on mortgage payments rose by 29% to 58,380, although the number of people failing to keep up monthly mortgage payments could be 10 times that amount. No official figures were available on arrears of less than 6 months, but according to some estimates between 6 and 7% of customers, approximately 450,000 to 600,000 families could be 2 months in arrears.
Broader Problems:
Unpaid debtsIrresponsible property tenants Aggravates:
Risky rental agreementsRepossession of property Strategies:
Financing rental housing Subject(s):
Amenities → HouseholdsAmenities → Housing, tenants
Commerce → Credit
Commerce → Currency
Commerce → Finance
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST