Tuesday, June 3, 2008
Long overdue, BTL misery has hit the press!!
BTL is the UK subprime! "B&B, which represents 20 per cent of lending across the British buy-to-let sector, said the number of landlords who were three or more months behind on their mortgage payments had leapt by more than 52 per cent between January and the end of April, to more than 1.5 per cent of its total buy-to-let customer base"