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Rental market continues to contract

The more granular detail of mortgage lending in Q4 published by the Bank of England this morning added to the evidence that the Buy-to-Let (BTL) sector is contracting. Meanwhile arrears increased, but the smaller rise than in Q3 suggested that lenders will remain unperturbed by some customers being unable to afford higher repayments.

Note: Our UK Housing economists will be setting out their updated forecasts and answering client questions in a Drop-In on Thursday, 14th MarchRegister here for the 20-minute online briefing.

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