No Neil, it's a global problem (please see page 1)
ian - levelling out? We have reports saying that prices are going to drop another 10% before booming 25%. That's not very level, that looks like bust and boom again. And...
If the landlord has the place rented out, then he won't be default on his mortgage, and they won't be getting kicked out. Would love to see some stats to back up your supposition as it seems rather illogical to me. Of course some landlords will go bankrupt and be pocketing the rent payments instead of paying the mortgage, but this is a small, marginal part of the market. As per northern wrecks results yesterday, teh majority of repos and arrears were in the residential lending, not BTL lending