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Posted by Emily Jones

Landlords' abilities to meet mortgage repayments are improving despite the tough economic conditions still being felt in the UK.

This is according to the National Landlords Association (NLA), which made its comments after the Council of Mortgage Lenders (CML) revealed that fewer buy-to-let property owners are in arrears on their loan repayments.

It found that unpaid mortgages were down 37 per cent year-on-year during the final quarter of 2009.

Head of communications at the NLA Simon Gordon said: "The latest figures from the CML demonstrate the resilience of the market in what have been difficult times for landlords."

The CML - which is a trade association for the mortgage lending industry and claims to represent 98 per cent of home loan finance - also revealed that the number of properties taking into possession during the three-month period fell by 25 per cent.

Mr Gordon cited reduced interest rates as part of the reason for this.

12/02/2010 16:37