Posts Tagged ‘Mortgages’

Buy To Let Changes From The Lenders

Buy To LetThere are some important changes to the Buy To Let lending criteria, since January 2017.

Since the 1st January 2017, mortgage lenders have increased the amount of rent required for a Buy To Let (BTL) Mortgage.  Previously, most banks would have lent £139,676 based on £800 pcm rent. The figure now for most banks is £120,376.  A fall of around 14% could affect lot’s of property owners for this year, trying to add value to their portfolio.

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