Buy-To-Let Landlords Struggling To Pay Mortgages

Rising numbers of landlords are struggling to pay their mortgage. For the first time on record, the number of buy-to-let homes in mortgage arrears has increased. The trend has sparked fears that thousands more landlords could fall into debt when they are hit by a raft of tax hikes next year.  Mortgage arrears among landlords rose by 6 per cent between July and September last year, according to trade body the Council of Mortgage Lenders. It reports a rise in property arrears from 4,700 to 5,000 — the first increase since records began two years ago. Repossessions of buy-to-let properties also jumped for the first time in two years, rising from 500 to 600 between July and September 2016. Read more on the Daily Mail website.