Bradford & Bingley reports rising arrears

Half of B&B’s home loans are to buy-to-let landlords, though the bank says demand for buy-to-let is robust and landlords have reported rising tenant demand and rents. Exact figures for arrears have yet to be released, but are expected following the bank's annual general meeting later this week. Commenting on arrears, the bank says: “Combined with our current assumption that house prices will fall, albeit modestly, in 2008 this has resulted in higher credit impairment provisions. “We have significantly increased our management focus on collections processes and treatment of arrears ca...