SURVEY Mortgage arrears lowest since 2008

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Mortgage arrears and possessions continued to fall in the second quarter of 2014, according to data from the Council of Mortgage Lenders.

Some 131,400 people were in arrears of 2.5 per cent or more of the balance of their mortgage at the end of June - the lowest since the first quarter of 2008 - down from 138,200 three months earlier.