Landlords fall into mortgage arrears

The Independent reports that landlords are falling behind in repayments on their buy-to-let mortgages.

It is estimated that around 10,000 landlords are currently struggling and independent financial advisor Hargreaves Lansdown predicts many more will follow.

The problem lies with many coming to the end of their cheap two and three-year fixed deals. There is further strife as falling house prices send property into negative equity and finding a buy-to-let remortgage deal is tough.

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