Insights

Report summary: Q3 data from Pepper Advantage’s UK mortgage portfolio shows that the arrears environment for residential mortgages continued to improve – albeit slightly – with a 0.8% drop in the arrears rate relative to Q2 2024. The arrears rate for buy-to-let (BTL), however, continued to rise,...

The UK economy is navigating through a period of mixed signals, with recent data offering reasons for both optimism and caution. In August, real GDP saw a slight increase of 0.2%, following stagnation in June and July. This growth was largely supported by a 0.1% expansion in the services sector,...

On 1 August 2024, newspapers and policymakers hailed a significant breakthrough as the Bank of England cut interest rates for the first time since the end of 2021. Finally, it appears to be time to climb down from high rates and reduce the strong medicine prescribed by the central bank to treat the...

The challenges of the UK economy continue and while 2024 economic growth initially exceeded expectations, it has recently shown signs of slowing. Monthly real GDP was flat in both June and July 2024, indicating a pause in expansion. Inflation rose by 2.2% in August 2024, unchanged from July....

Across the financial services industry, understanding a sector’s vital signs – in sickness and in health – is vital. Electronification and greater regulatory scrutiny have driven a data revolution in public markets but also in one of the world’s largest private asset classes: residential mortgages....

The UK economy continues to navigate a complex landscape. Economic growth in 2024 has exceeded expectations so far, with GDP expanding by 0.4% in May after flat growth in April, suggesting continued growth in Q2. While inflation has improved significantly, it has risen slightly to 2.2% in July from...

Residential mortgage arrears drop for first time and new originations hit highest level since September 2022 Mini-Budget Data from Pepper Advantage’s UK mortgage portfolio shows an improvement in the arrears environment in Q2 2024, with the arrears rate across the country increasing only 1.1%...

Changes in arrears growth and direct debit rejections reflect complex environment for borrowers Q1 data from Pepper Advantage’s UK portfolio shows a slowdown in the growth of mortgages in arrears.1 Overall arrears increased further in the first quarter of 2024, but the decelerating growth rate and...