I've just been reading that a new report from a debt solutions firm, IVA.com has recorded a 53% increase in BTL investors struggling to pay their creditors. IVA.com report a “near meltdown” among BTL investors, with typical debts in the range of £163,000 to £201,000.
Lets hope that interest rates remain low otherwise even more landlords will continue to struggle.
Read more in this Lovemoney article.
If you look at the comments you'll see that landlords won't receive any great sympathy if they do go under, women and children first, then save yourselves.
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