10,000 Buy-to-let Landlords Are In Mortgage Arrears

17/08/2008

By Claire West

According to research from independent financial adviser Hargreaves Lansdown more than 10,000 buy-to-let landlords are in mortgage arrears.

The found that 18% of outstanding buy-to-let loans were taken out in 2007 — at the top of the market. But according to Laith Khalaf of Hargreaves Lansdown. "The real test of affordability is yet to come, in 2009 to 2010, when those who borrowed large sums at cheap rates in 2007 come off their fixed-rate deals."

 

 

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