Banks 'in denial' about mortgage crisis

A total of 37,000 buy-to-let properties, with debts of €11bn, were in arrears at the end of June, figures released today have shown.

Banks 'in denial' about mortgage crisis
Tue, 16 Oct, 2012 - 12:01

A total of 37,000 buy-to-let properties, with debts of €11bn, were in arrears at the end of June, figures released today have shown.

According to the Central Bank, 29% of the €32bn borrowed for buy-to-let mortgages are in arrears of over 90 days.

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