Research finds millions at risk of mortgage arrears

June 24, 2026 by Brendan O'Neill

Surveys and Statistics

New research has found that millions of people with mortgages are at risk of falling behind with payments if their health situation changes.

This research was published by MetLife UK, a provider of employee benefits and insurance. It found that millions of borrowers would begin missing payments almost immediately, if they suffered a health issue that left them incapable of working. The standard monthly mortgage payment in this country is now more than £1,000, so there is a lot of pressure on homeowners in the midst of a cost of living crisis.

What the research also found is the risk of mortgage arrears is no mere hypothetical. Over one quarter of those who took part in it said they had already missed at least one payment because of a health issue. The total number that said this was 28%.

A further 7% stated they had failed to make more than one payment due to injury or illness. That amounts to one out of every seven. It is the youngest generation of homeowners who are most at risk. Half of those from Generation Z stated that missed mortgage payments were something they were already dealing with.

Many do not have savings that will last for long either. 20% said they had none whatsoever, while most only had enough for six months.

Phil Jeynes from MetLife UK said the current economic situation for homeowners represents the perfect storm.

It also illustrates why mortgage advisors with CeMAP training are needed even after a mortgage has been secured.