via news.bbc.co.uk
Buy-to-let landlords are losing their properties at over three times the rate of other homeowners, research shows.
Council of Mortgage Lenders figures show 1,700 buy-to-let properties were repossessed by lenders in the first three months of this year.
But landlords lost 4,100 properties when cases of lenders appointing a receiver of rent are included.
A receiver of rent collects rent on behalf of a lender when the landlord defaults on the mortgage.
The recession is also making buy-to-let mortgages much harder to come by.
No comments:
Post a Comment