Friday, 10 June 2016

Financial Adviser Wins Appeal Court Ruling On Buy-To-Let Mortgages

A financial specialist has won the latest round of a legal battle with a mortgage company which he says could affect around a million people who own buy-to-let properties. Mark Alexander, a former mortgage broker who has set up an advice website for landlords, says he was unfairly asked to pay more for a buy-to-let mortgage because the West Bromwich Mortgage Company classed him as an investor, not a consumer. He asked Court of Appeal judges to analyse his claim after losing a fight in the High Court. Appeal judges ruled in his favour after analysing evidence at a hearing in London. The West Bromwich had said customers with three or more buy-to-let properties were not ''regarded as consumers''. Read more on the Daily Mail website.

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