Santander is facing fury from tenants and housing groups
for a clause in its buy-to-let mortgage contracts requiring landlords to raise
rents by “as much as can be reasonably achieved”. The wording has been buried
in Santander's contracts since 2011. It has come to light only now, however, as
buy-to-let investors face an unprecedented squeeze on their incomes due to tax
changes applying from April. Many borrowers are scrutinising mortgage
documentation to assess their likely position if they cannot meet repayments.
Read more on the Daily Telegraph website.
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