Buy-to-let repossessions rise

Figures from the Council of Mortgage Lenders (CML) show that buy-to-let repossession rose from the 1st quarter to the second quarter despite interest rates staying at historically low levels.

Repossessions rose from 1,700 to 1,900 an increase of 9%.

However, the absolute number compared to the outstanding number of buy-to-let loans of 1.34 million is still very small and most competent landlords continue to make healthy rental profits. Arrears are running at 2% of loans.

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