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Thursday, May 11, 2017

BTL repossessions/arrears remain low

Mortgages arrears remain low according to data from the Council of Mortgage Lenders. 

The CML report arrears for Q1 2017 fell from the previous quarter.

btl mortgage arrears april 2017
There were 92,600 resi-mortgages in arrears, 0.84% of all mortgages, the lowest quarterly rate on record.

Q1 2017 saw BTL mortgage arrears over 2.5% of outstanding balance remain stable at 5000, with just 700 BTL properties repossessed during the period.

repossessions btl property april17

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