Number of arrears and repossessions continue to fall

/ Aug 9, 2018 / No Comments / In Blog / By

Thanks to a more sensible approach to affordability, the number of mortgage arrears cases and repossessions continues to fall.

However, in contrast, the number of landlords in serious arrears has risen, which would suggest an increased strain on Buy to Let owners, potentially due to recent taxation changes.

Will this situation be exacerbated further by the recent rise in interest rates? Well, that all depends on what type of mortgage product each owner is on.

Those on fixed rate products are somewhat insulated from the rate rise which is good news but what will this mean when it comes time to renew their mortgage deal?

Time will tell…

Read the full article via Mortgage Strategy by clicking here.

 

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