... and the Council of Mortgage Lenders wants to dispel a few myths regarding the Bradford & Bingley news, as it's being reported by the mainstream media. They're taking particular umbrage with the idea that B&B's buy-to-let lending is, in particular, what's got it into trouble. No, they say, and have released three-month figures showing a lower level of arrears (1.1%) in btl products than residential (1.33%) ones.

Meanwhile, and also as a response to the B&B news, Mortgage Express (B&B's brokerage arm) have not only removed the express from their offerings, they've also just removed the mortgage.

Technorati Tags: property, real estate