Model the main motorists out-of property financing arrears
This new interaction regarding seasoning, some time and cohort-certain matters helps it be hard to assess its separate contributions to help you changes in arrears costs. Instance, higher arrears to possess confirmed cohort on one point over the years you can expect to reflect cohort-certain matters (as well as changes in lending conditions) or perhaps the effect out-of prominent big date products at the a young point within their seasoning in advance of borrowers has actually established strength.