Haven arrears soar amid bad losses

Nearly two out of five customers of Haven Mortgages, a subsidiary of EBS, missed at least one payment on their home loan last year as arrears soared at the lender.

14th July, 2012

Nearly two out of five customers of Haven Mortgages, a subsidiary of EBS, missed at least one payment on their home loan last year as arrears soared at the lender, according to recently filed accounts for 2011.

The number of loans at least 30 days past due or impaired reached 37.5 per cent as more customers - both owner-occupiers and buy-to-let - fell behind on their payments. A total of 18.5 per cent were in arrears,...

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