Landlords are being urged to re-mortgage before tougher
buy-to-let lending criteria, due to be introduced in September, make it more
difficult to obtain finance. The call comes as the proportion of buy-to-let
re-mortgage transactions, as a share of the total lending market, has risen
over the last few months, and as a diminishing demand for new buy to let loans
has driven many lenders to slash mortgage rates. The National Landlords
Association (NLA) says the rise in re-mortgages is down to landlords looking to
limit their exposure to the new buy to let tax regime. Read more on the NLA
website.
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