Buy-to-let borrowers are around 25% less likely to require a mortgage payment holiday than residential borrowers, new research shows.
Foundation Home Loans analysed its own lending book, featuring around 30,000 borrowers, and found that its buy-to-let borrowers were significantly less likely to have asked for, or taken, a mortgage payment deferral since the government initially announced the availability of payment holidays for borrowers back in March.
Various mortgage experts have repeatedly warned BTL landlords not to use mortgage payment holidays unless absolutely necessary, and it would appear that message has been well received.
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https://www.landlordtoday.co.uk/breaking-news/2020/6/btl-borrowers-25-less-likely-to-require-a-mortgage-deferral