LETTINGS NEWS: Confirmed – stiffer mortgage lending for landlords next year
18/11/16
The government has given the Bank of England more powers to control mortgage lending in the buy to let sector – and that means tougher tests for landlords wanting to borrow. The controls have been in the pipeline for some time but the Bank has now made it clear that from early in 2017 it will impose maximum ‘loan to value’ limits. This means it will tell…