EU changes to BTL mortgages planned

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,…

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