Friday, 20 February 2009

CML data on mortgage arrears out today

Makes for some grim reading


1 in 53 mortgages in arrears of three months or more - at a time of historic low interest rates, you would hope this number would reduce now.

The number of buy to let mortgages in arrears of more than 3 months has gone up by almost 400% from the end of 2007, now accounting for 2.32% of all BTL mortgages.

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