Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

Buy to Let Mortgage Delinquencies Improve and Repossessions Stabilise

18th August 2009 | back to article listings BACK    print this article PRINT

Standard and Poor's have announced the first reduction in delinquencies in buy to let mortgages that have been securitised, over £58 billion of them, with a reduction in the delinquency rate from 6.2% to 6.1% which is the first drop in two years. This is a vital step in order for buy to let mortgages to become securitisable again which in turn permits lenders to carry out more lending into this market knowing that they can package up their mortgages and sell them on into the securitisation market.

Independently, the CML reported a 17% fall in buy to let mortgage arrears between Q1 and Q2 2009. In addition, repossessions of buy to let properties were the same in Q2 as Q1 at 1400.

This didn't really make the news that it should have done but we've probably just seen the beginning of buy to let mortgages improving and with the housing market showing great stability and even strength we should not only see more lenders re-entering the market again over the second half of this year but also loan to values improving.

This news story has come from the property investment blog by Stuart Law, CEO Assetz plc.

Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz USA Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker