The Times - Protect yourself against rising rates
The Times report defaults on mortgages are at their lowest level since before the financial crisis.
Lendy, the peer-to-peer lending platform, says there has been a steep drop in bad debt with £72 million worth of residential loans written off by banks and building societies in the twelve months to September, compared with £348 million in the previous year.
Aaron Strutt, of Trinity Financial told The Times "Many landlords put the money aside to cover them against unexpected bills, but it could act as a buffer for mortgage rate increases."
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