The earlier figures, based on a sample rounded up to represent the whole industry, overstated the total number of mortgages (11.8 million, instead of 11.5 million). Wednesday’s figures therefore similarly overstated the number of mortgage possessions and the number of loans in arrears. The revised data, which shows the same general trends that we reported on Wednesday, is based on a lower number of mortgages overall and shows a correspondingly lower number of possessions and mortgages in arrears. It also includes some minor adjustments to historical data.
The revised data can be seen in the attached tables.
