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Evening Standard
Evening Standard
World
Bill McLoughlin

Rising number of landlords struggling with mortgage payments due to interest rate hikes

The number of landlords falling behind on mortgage payments has risen by a third over the summer amid a streak of interest rate hikes, new figures have shown.

According to figures produced by trade association, UK Finance, 8,980 buy-to-let mortgages had arrears that totalled over 2.5 per cent of the outstanding balance as of June 2023 - a rise of 28 per cent in comparison with the end of March.

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