Arrears rise for buy-to-let landlords

The number of buy-to-let mortgage holders who have fallen behind on their payments has risen by 29%. Figures from UK Finance showed that 11,540 were in arrears in Q3, a 29% jump from Q2 and a doubling compared with the same period in 2022. In total, 87,930 homeowner mortgages were in arrears in the three months to the end of September. As well as being up 7% on the preceding quarter, this is 18% higher than a year earlier. The overall number of homeowner and buy-to-let loans that are behind on payments is well below the 207,200 that were in arrears during the same period in 2009, but economists have raised concerns about the rise. The Times (£)The Guardian