Jump In Landlords Facing Serious Mortgage Arrears

The number of landlords who are seriously behind with their mortgage payments has jumped by 20%. There were 1,200 buy-to-let mortgages in "significant arrears" in the last quarter of 2017, a fifth higher than in the same quarter in 2016. Significant arrears means they owe more than 10% of the outstanding balance. The figures suggest some landlords may be beginning to struggle financially, following a series of tax changes. There were 5,100 buy-to-let mortgages in less serious arrears of 2.5%. This was a 2% rise on 2016. Read more on the BBC website.

http://www.bbc.co.uk/news/business-42989391