Buy-to-let mortgages in Britain, especially those issued
recently, are more risky than loan deals signed before the 2008 financial
crisis, according to a Moody’s report. The ratings agency said one factor was
that a new cohort of lenders, in their quest for market share, tend to issue
loans with higher average loan-to-value ratios, laxer credit history
constraints and longer maximum maturities than established lenders, degrading
the quality of recent buy-to-let loans. Pre-crisis loans have also benefited
from rising house prices in a way newer ones will not, it continued.
Loan-to-value ratios have fallen more on legacy loans thanks to this than they
have on newer ones. Read more on the Reuters website.
Labour MPs call on Starmer to focus on radical ideas to lower cost of living
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Warnings from group of 104 MPs come amid fears party could lose next
election if voters do not feel better off
The government must refocus on more radica...
5 hours ago
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