29 September, 2008
Statistical data released by the CML shows that the percentage of buy-to-let mortgages more than three months in arrears stands at 1.1% of all buy-to-let mortgages outstanding.
This compares with a total mortgage market figure of 1.33% in arrears of three months or more. There are currently 1,103,000 buy-to-let mortgages outstanding out of a total market of 11,741,000.
So despite the impression that buy-to-let mortgages are performing badly compared to the rest of the market this is in fact not borne out by these figures.
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