Wednesday October 28, 2020

Buy-to-let investors the 'elephant in the room'

Landlords struggling to repay investment mortgages are the "elephant in the room" of the mortgage crisis, and have "been largely ignored", according to a mortgage expert.

24th March, 2012

Landlords struggling to repay investment mortgages are the "elephant in the room" of the mortgage crisis, and have "been largely ignored", according to an adviser specialising in mortgage negotiation.

The latest figures from the Central Bank revealed that 9.2 per cent of private residential mortgages - more than 70,000 loans - are in arrears of 90 days or more. However, a lack of comparable official data makes it difficult to get a sense of the...

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