Correction to yesterday's BTL withdrawal story
Yesterday's story BTL product withdrawal overstated? was based on the fact that Moneyfacts had said 84% of products had been withdrawn in the last few days.
What was actually said was as follows: "The buy-to-let sector has been hardest hit since the turmoil began with 85% of products being withdrawn in a year, but residential mortgages are not far behind with a loss of 60% of products.
"The accepted figure for BTL mortgages lost in the last few days is 39%."
Our apologies go to Moneyfacts.







