Following the report from the Council of Mortgage Lenders (CML), it appears that buy to let mortgage holders are suffering fewer reposessions than mainstream borrowers so far.

The number of buy to let repossessions in the third quarter of 2008 was in line with the first two quarters, standing at 900.

This means that whilst 0.1% of the mortgage market overall suffered repossessions, the buy to let percentage was only 0.8%.

The CML, however, is predicting that repossession will hit the buy to let sector increasingly as landlords begin to suffer in the grip of the credit crisis.

This entry was posted on Wednesday, November 26th, 2008 at 11:02 am and is filed under Buy to Let Mortgages, Landlords. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.