Lenders have a variety of measures in place to help borrowers who are in arrears
The Central Bank has set out specific performance targets for banks to ensure borrowers in arrears
will be put on more sustainable solutions.
Mr Asghar said: "The Welsh Government must discover why the number of tenancies in arrears
in Caerphilly is more than three times the number in Blaenau Gwent or Merthyr Tydfil.
Mr Stonock added that some tenants believe that they can operate their tenancy in arrears
because they have made a deposit.
Where problems arise, they tend to concern tenants in cheaper properties: across the UK, the average rent of tenants in arrears
was pounds 472 per month in July, which is 30% below the average monthly rent.
With no such thing as a rent holiday this Christmas, our advice to anyone in arrears
is to get in touch.
In condos, more than 5 percent of unit owners are in arrears
in approximately 39 percent of the buildings, almost double the rate for cooperatives.
The Canadian Pavilion Investment bears interest at 22 percent per annum, payable quarterly in arrears
, of which 11.
9% of residential mortgages are in arrears
while almost 19% of buy-to-let property owners are in trouble.
NATIONALISED lender Bradford & Bingley said today the proportion of its mortgages in arrears
was slowing, despite predicting increased numbers of repossessions this year.
YHN has 18,252 current tenants in arrears
, although in many cases they owe small amounts.
Cllr Tony O'Neill, cabinet member for finance and equalities, said: "This action sends out a powerful message to all those taxpayers who are in arrears
and who have been avoiding payment or are simply refusing to pay.