Saturday, November 24, 2007
1 in 5 BTL cannot cover costs with rent
Britain's £116bn buy-to-let mortgage market is facing a tough six months that could end in thousands of novice landlords having their second homes repossessed, it was claimed yesterday. A survey due to be published next week by one broker is expected to show that 19% of landlords are failing to obtain enough rent to cover their mortgage payments. ***** My goodness, were they telling porkies to us again - why on Earth does anyone trust anything the VIs say.