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Customers with interest-only mortgages will see an even bigger rise, with the cost of servicing a £100,000 loan rising by £30 a month.
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The average rate on the 15-year loan rose to 4.20 percent from 4.15 percent — the highest reading in six months.
Over the last year, the average delinquency for a foreclosed loan rose to 499 days from 406 days, according to the data firm LPS Applied Analytics.
But despite this, it is estimated that the number of people planning to pay for Christmas with a payday loan rose by almost a fifth.
The average rate for a 15-year fixed loan rose from 3.35%to3.39%9%. .
How rapidly are problem loans rising?
The banks lent heavily from their expanding deposits, with loans rising 21.4percentt last year.
C1 Losses From Bad Loans Rising Loan losses continue to rise at banks, mostly because of faltering telecommunications and cable companies.
With nonperforming loans rising and the economy in Mexico, one of BBVA's major markets, slowing, every bit helps.
There are signs that the junk bond market is already being hit by the falling oil price, with measures of risk attached to loans rising last week.
The biggest increase in complaints was for payday loans, rising by 178%, from 1,157 in the year ending 31 March 2015 to 3,216 now.
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CEO of Professional Science Editing for Scientists @ prosciediting.com