There has been little coverage within the media that highlights the positives of private landlords, however figures attained by the Council of Mortgage Lenders show that buy-to-let landlords are good payers, with significantly less arrears on their mortgages than private home owners.

The research highlights that 1.7% of homeowners are three months behind in their mortgage payments in comparison to only 0.9% of buy-to-let owners in the same situation.

 

In total 138,200 mortgages were in arrears of 2.5% of the outstanding amount on the balance, which is good news as this is the lowest since 2008.

The FLA (Finance & Leasing Association) reports that in the first three months of this year there has been a drastic fall in second charge repossessions of 43%,when compared to the same period in 2013.

In the first quarter of 2013 there were 226 properties that were repossessed, whereas this year for the first three months there have been just 128 repossessions.

 

The FLA's head of research and chief economist, Geraldine Kilkelly, said: "The rate of repossessions in this market remains low at 0.049%, reinforcing lenders’ commitment to helping customers in financial difficulty and to taking repossession action only as a last resort.

 

"The forecast for 2014 as a whole suggests that repossessions will be at a similar level to 2013."