More homeowners are behind on their mortgages than anytime in the last seven year, according to the Bank of England’s latest data report. The financial squeeze left from the pandemic and rising cost of living have left many struggling to cover basic expenses, let alone repay debts. The bank’s report for Q1, 2024 showed that mortgage balances in arrears rose by 4.2 per cent compared to the previous quarter, totalling a staggering £21.3billion. This is also a staggering 44.5 percent increase from a year earlier. Additionally, the proportion of total loan balances with arrears relative to all out…