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Monday, November 24, 2008

Landlords Repossessions Rise as UK Buy-to Let Continues to Go into Meltdown

Landlord's repossession rise sharply as the property market continues to spiral downwards.

The gloom for landlords continues to grow ever darker as new figures show an increase in repossessions on buy-to-let property.

The falling property values, falling rents and harsher lending criteria have forced many landlords under.

This Daily Mail article provides a handy map showing the worst effected areas.

A friend to all landlords in harsh times,
Your Darling Margo.

If any landlords are struggling with repayments they should contact their BTL lender as soon as possible to discuss possible resolutions, don't be an ostrich these problems are here to stay.

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