Instead, EU proposals would bring Britain into line with Continental practice and force lenders to assess BTL in the same way as mortgage applications by owner occupiers on their prime residence; that is, the main criterion would be the borrower’s earnings.
Telegraph blog for the full story
Article well worth a read if you’ve got any interest in the buy to let market. This would be a huge change for many BTLers.
Interestingly there’s a Buy-to-let bounce with loans up 16% -story at landlord today
The number of new buy-to-let loans shot up by 16% in the third quarter of 2011,…