Monday, June 2, 2008

BTL headed down the toilet

Gloom deepens as lending slumps and borrowers fall into arrears

But do not worry... A CML spokeswoman said that banks had all been expecting a slight increase in bad debts. “Demand is still strong and the buy-to-let market is counter-cyclical, as when people don’t want to buy, they want to rent,” she said.

Posted by confused76 @ 11:38 PM (403 views)
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