Friday, 7 July 2017

Buy-To-Let Crackdown

Buy-to-let investors are braced for another assault as the Bank of England prepares to impose yet more rules on private landlords. In two months’ time the Prudential Regulation Authority, part of the Bank of England, will start to enforce tougher standards for landlords with four or more mortgaged properties. The change means that, for the first time, lenders may be forced to look at a landlord’s entire portfolio when they decide what mortgage deal they can offer on a single property. They may want to see proof of rental income and a business plan to support a new application. Read more on the Daily Telegraph website.

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