Buy-to-Let Market Is Holding Firm Despite Arrears Uncertainty ; Property

Summary


The buy-to-let market remains firm despite the jump in mortgage arrears reported by Bradford & Bingley, commentators said yesterday.

Bradford & Bingley reported a 52 per cent jump in the number of investment landlords who had fallen at least three months behind with their mortgage repayments during the four months to the end of April, with 3,037 people struggling to keep up with payments.

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Extract


Buy-to-Let Market Is Holding Firm Despite Arrears Uncertainty ; Property

The level of buy-to-let repossessions also rose by nearly a quarter during the period to 700.

But despite the problems in the market reported by the group, the majority of landlords appear not to be running ...

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