Buy-to-let repossessions soar as ‘stranglehold’ on landlords continues
The number of rental properties being repossessed by lenders because the owners are too far in arrears on their buy-to-let mortgage has rocketed by 40 per cent compared with last year.
Figures from UK Finance show that 4,550 buy-to-let mortgages were in arrears of 2.5 per cent or more of the total borrowing in the third quarter of this year. Of those more than a thousand are in serious arrears…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.