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Mortgage arrears mount for buy-to-let lender

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  • Mortgage arrears mount for buy-to-let lender

    Bradford & Bingley (B&B), the buy-to-let mortgage specialist, has had one of its credit-ratings downgraded by Moody’s.The lender’s “bank financial strength rating” (BFSR) has been downgraded from C+ to C, following a sharp rise in the number of customers falling behind with repayments.Moody’s describes the BFSR as “a measure of the likelihood that a bank [...]

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