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The monthly payment in arrears is another issue.
Figures released last week suggest that the number of tenants in serious arrears is rising.
Some of the build-up in rent arrears is down to welfare claimants struggling with the change to monthly budgeting.
His $250-a-month salary is a fivefold increase from last year, and the fact that it is paid only two months in arrears is an improvement too.
The key piece of advice for householders who get into mortgage arrears is to contact their lender as soon as possible.
Arrears on them have trebled in the past year (from 0.7% to 2.1%) and are now almost double the industry average for all mortgages.Some of the increase in arrears is an illusion caused by a shrinking mortgage book.
Similar(42)
Wage arrears are ballooning.
The average amount owed by those in arrears was £664.
The vast majority of countries that were in arrears were financially unable to pay.
Arrears are piling up at a rate of 10% of GDP each year.
Social landlord rent arrears are also a growing problem, with 80,000 people seeking help.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com