Collapse of sub-prime buy-to-let lending

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Collapse of sub-prime buy-to-let lending

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12-03-2007, 07:37 PM

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Collapse of sub-prime buy-to-let lending

Moneyfacts, the price comparison website, has reported that the market for sub-prime mortgages for buy-to-let investors has virtually collapsed.The ongoing credit crisis has resulted in almost 90% of this type of mortgage being withdrawn from the market.The situation has been accelerating, with over half of buy-to-let mortgages for investors with troubled credit histories disappearing in [...]

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