Buy-to-let landlords struggle with repayments

Moody’s the ratings agency backed Lord Turner’s comments, reporting that tens of thousands of buy-to-let landlords are struggling to meet their mortgage repayments. In the first quarter of the year 3.55 per cent of landlords were at least three months behind with their payments, compared with 0.95 per cent for the same period a year ago. Repossessions have also increased in the buy-to-let market, up from 0.13 to 0.18 per cent in the first quarter.