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Pondlife
22nd April 2008, 15:08
Mortgage arrears are growing at one of the UK's biggest mortgage lenders, the Bradford & Bingley (B&B).

In a statement to investors ahead of its shareholders' AGM, the bank said some borrowers were finding it harder to repay their loans.

More than half of the bank's home loans have been made to buy-to-let landlords.



Linky (http://news.bbc.co.uk/2/hi/business/7360279.stm)

Oh Dear (tm)

PAH
22nd April 2008, 15:14
Can anyone else hear a popping noise?



Yeah, it's my popcorn in the microwave. This has all the hallmarks of an epic story of greed, short-sightedness and comeuppance. I wonder if it'll have a happy ending?

Moscow Mule
22nd April 2008, 15:18
I wonder if it'll have a happy ending?

Only if the government stop cocking about with crappy interventions and let the market run its course.

Churchill
22nd April 2008, 15:20
Only if the government stop cocking about with crappy interventions and let the market run its course.

How many Labour MPs own BTL property?

BoredBloke
22nd April 2008, 15:31
Most will have 1 but us mugs are paying for that one.

moorfield
22nd April 2008, 16:26
No I can't. Is it Wilmslow ? Or HRH ?

thunderlizard
22nd April 2008, 20:11
I was about to say "don't worry, that Chris Rodrigues is a smart cookie. They'll be OK". But it turns out he left the B&B 4 or 5 years ago. They're doomed.