Saturday, Feb 21, 2009
Busy snapping up those bargains
C4 News: Buy-to-let mortgage lending plunges
Mortgage lending on buy-to-let properties has dived by nearly two-thirds during the past year ... One in 10 properties of the 40,000 properties repossessed across all lending last year were buy-to-let properties. There has also been a steep jump in the number of buy-to-let mortgages that are more than three months in arrears, with the figure soaring from 7,500 at the end of 2007 to 26,800 at the end of last year.
Posted by quiet guy @ 09:02 PM (515 views) Add Comment
2 Comments
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1. inbreda said...
Can't imagine why. Any theories?
2. flintster1994 said...
I'm not sure Imbreda,
BTL was a cast iron way of making money. It's certainly a head scratcher! Must have been one of those annoying black swans.