Buy-to-Let Market 'Closed'
According to the Chief Exec of Bradford & Bingley, the buy-to-let housing market is 'closed'.In giving evidence to a House of Commons committee, Richard Pym said so many deals had been withdrawn that the market was completely different from last year.
60% of Bradford and Bingley mortgage business is buy-to-let with another 20% self-certified. With the buy-to-let market likely to be hardest hit, already 3% of B&B mortgages are in arrears, higher than the industry average. If rents fall as well, then the market will be in even more trouble.
If you are a buy-to-let landlord, struggling to make the mortgage payments and needing to sell your property quickly, call quickmovenow.com on 0800 068 3366.
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