The number of delinquencies on UK buy-to-let mortgages has fallen for the first time in two years as borrowers have taken advantage of low interest rates to pay back arrears.
A study by Standard & Poor’s of the £58bn of buy-to-let mortgages that have been securitised in the UK shows signs of stabilising rates of delinquencies – the failure to repay loans on time – in the second quarter, suggesting that more people are finding it easier to pay loans.
