Private Rented Sector Buy to Let Consultants
David Lawrenson says some commentators think there is a silver lining in the new rules on mortgage lending which the Bank of England’s Prudential Regulation Authority has now imposed on “portfolio landlords”. They say the new rules could actually make getting mortgages easier for this class of landlord. But Lawrenson says that conclusion is incorrect. There is no silver lining. Lenders Likely To Exit […]
Read morePortfolio Landlords Buy to Let Mortgage Assessments I received some interesting comments from the residential estate agent, Portico, this week on the new buy-to-let mortgage lending rules hitting portfolio landlords (those with four or more buy to let mortgage loans) later this month. Portico.com’s Regional Director, Mark Lawrinson, commented: “Under the new rules, if you want to make an application for a […]
Read moreDavid Lawrenson of LettingFocus.com welcomes some more sensible lending from a few high street banks and building societies in the buy to let mortgage space. About time too. Buy to Let Mortgage Criteria Getting Smarter, Slowly From time to time I have commented on the “Computer Says No” attitude of the big high street banks and nearly all the building societies when it comes to […]
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