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Buy-to-let default ratios outperform expectations

Fitch Ratings says default ratios on buy-to-let properties are performing better than expected.

Charlotte Eady, associate director in Fitch’s RMBS performance analytics team, adds: “Recent headlines have suggested that buy-to-let properties are experiencing higher default ratios than in previous years and are accounting for a significant proportion of repossessions.

However, this contradicts the surveillance data that Fitch has analysed.

“They show a continued better than average performance of this segment with repossessions led more by the sub-prime segment than buy-to-let.”

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