Buy-to-let properties in despair

With the economy taking hold, property auctioneers reported a significant increase in the number of repossessed homes instructed for sale.In particular, 40% of 410 lots are distressed sales that let down buy-to-let investors and as that they are to demolish.There is also a noticeable increase in the number of properties asked to sell by banks and building societies that operate as mortgagees.