The Bank of England’s Prudential Regulation Authority is telling lenders to exercise more scrutiny on loans for buy to let properties. In...
Archive
![Regulator warns buy to let lenders to be strict on borrowers](/img/default/llt.png)
The financial services regulator, the Prudential Regulation Authority, is warning mortgage lenders to be strict on their assessment of customers wanting...
30 November 2020
From: Breaking News
![Number of buy-to-let deals for first-time landlords hits record high](/img/default/llt.png)
The number of first-time landlord buy-to-let mortgage products hit a record high of 1,474 in October, up 297 on the same...
02 October 2019
From: Breaking News
![A growing number of landlords using limited company status](/img/default/llt.png)
More than two thirds of landlords with four or more properties intend to use limited company status in order to acquire...
25 March 2019
From: Breaking News
![BTL landlord uses bridging finance to add to portfolio](/img/default/llt.png)
With many landlords finding it harder to secure a mortgage since the Prudential Regulation Authority’s changes were introduced last year, some...
02 November 2018
From: Breaking News
![Where does the challenges faced by BTL landlords and lenders end?](/img/default/llt.png)
Investing in buy-to-let property has long been a lucrative business opportunity for both recreational and professional investors, but could harsh tax...
31 October 2018
From: Breaking News
![Landbay partners with Julian Harris to ‘support’ landlords in ‘new world of BTL’](/img/default/llt.png)
Landbay has partnered with Julian Harris Adviser Network to provide more mortgage brokers and their landlord clients with access to its...
10 October 2018
From: Breaking News
![No sign of ‘mass landlord exodus’ from BTL market](/img/default/llt.png)
Fears that regulatory changes will pave the way for an exodus from the buy-to-let market may be a little premature, according...
26 September 2018
From: Breaking News
![Investors are starting to think twice about investing in buy-to-let](/img/default/llt.png)
The attraction of buy-to-let is starting to wane as far as some people are concerned due to a series of recent...
17 August 2018
From: Breaking News
![Paragon launches portfolio BTL range in Scotland](/img/default/llt.png)
Paragon has expanded its buy-to-let mortgage offering in Scotland to include products for portfolio landlords. The new mortgage range is designed for landlords...
13 July 2018
From: Breaking News
![PRA changes will affect landlords’ ability to provide ‘quality affordable housing’](/img/default/llt.png)
Mortgage brokers and lenders have been slammed by the National Landlords Association (NLA) for failing to do enough to communicate changes...
25 June 2018
From: Breaking News
![More landlords opting for 5-year fixed rate deals](/img/default/llt.png)
A growing number of landlords are opting for five-year fixed rate mortgages in favour of short-term alternatives which demand more stringent...
13 June 2018
From: Breaking News
![Significant increase in number of fee-free BTL mortgages](/img/default/llt.png)
Previously, nearly all buy-to-let mortgages charged a minimum 1% arrangement fee, but fresh data from specialist buy-to-let broker Mortgages for Business...
21 May 2018
From: Breaking News
![Landlord looks to bridging loan firm to expand portfolio](/img/default/llt.png)
With many landlords finding harder to secure a mortgage since the Prudential Regulation Authority’s changes were introduced last year, some buy-to-let investors...
30 April 2018
From: Breaking News
![BTL borrowers burdened by PRA rule change](/img/default/llt.png)
A growing number of buy-to-let are struggling to obtain mortgages following the introduction of tougher lending conditions, including more rigid underwriting...
28 March 2018
From: Breaking News
![One in three landlords still unaware of new BTL mortgage rules](/img/default/llt.png)
Around a third of buy-to-let investors are still unaware of how regulatory changes could impact their ability to borrow or refinance...
16 March 2018
From: Breaking News
![BTL mortgage lending falls to four-year low](/img/default/llt.png)
Mortgage lending fell to a four-year low during the final quarter of last year as tax reforms continue to deter buy-to-let...
14 March 2018
From: Breaking News
![Foundation Home Loans launches cashback offer](/img/default/llt.png)
We all know that regulatory changes to lending in this country has made it harder for portfolio landlords to secure a...
05 February 2018
From: Breaking News
![What should landlords be aware of going into 2018?](/img/default/llt.png)
The buy-to-let property market is currently experiencing a wave of reforms, with the government looking to alter the way in which...
02 February 2018
From: Breaking News
![Landlords benefit from falling mortgage rates](/img/default/llt.png)
The average two-year buy-to-let fixed mortgage deal at 75% loan-to-value (LTV) has fallen to a record-low of 2.47%, as many landlords...
30 January 2018
From: Breaking News
![‘How landlords can adapt to survive the current economic climate’](/img/default/llt.png)
2017 was a year of flux for landlords, with Brexit becoming a reality and two Budgets from Phillip Hammond dictating the...
04 January 2018
From: Breaking News
![Portfolio BTL enquiries soar](/img/default/llt.png)
There has been a significant increase in enquiries from portfolio landlords following the introduction of the new Prudential Regulation Authority (PRA)...
06 December 2017
From: Breaking News
![Buy-to-let mortgage costs remain stable](/img/default/llt.png)
The second phase of the Prudential Regulation Authority changes, coupled with the recent interest rate hike, appear to have had minimal...
15 November 2017
From: Breaking News
![Landbay enjoys record month of buy-to-let lending](/img/default/llt.png)
Landbay has reported a record month of buy-to-let lending in September, despite the latest crack down on the sector. Stricter portfolio buy-to-let...
05 October 2017
From: Breaking News
![Legal & General Mortgage Club updates BTL matrix](/img/default/llt.png)
Legal & General Mortgage Club’s Buy to Let Matrix has been updated to include the positions of all lenders on portfolio...
03 October 2017
From: Breaking News
![NatWest reduces buy-to-let income coverage ratio](/img/default/llt.png)
Natwest has lowered its buy-to-let income coverage ratio requirement from 145% to 135% at 5.5%, while it has also introduced more...
02 October 2017
From: Breaking News
![TMW takes ‘pragmatic and considered approach’ to new PRA standards](/img/default/llt.png)
New buy-to-let requirements for portfolio landlords have been unveiled by The Mortgage Works (TMW) ahead of the introduction of the new...
26 September 2017
From: Breaking News
![Letting agents under ‘increasing pressure’ from changing legislation](/img/default/llt.png)
It is currently a challenging time for letting agents, following a raft of changes introduced by the government prompting concern that...
25 September 2017
From: Breaking News
![More landlords likely to use specialist lenders due to new changes - Together](/img/default/llt.png)
As the buy-to-let industry braces itself for yet more changes, a growing number of private landlords are likely to turn to...
22 September 2017
From: Breaking News
![New mortgage advice clinic launched to help support portfolio landlords](/img/default/llt.png)
A free mortgage advice clinic has been launched by The Happy Tenant Company in conjunction with the mortgage broker Lee Grandin...
15 September 2017
From: Breaking News
![Rental market in Scotland ‘remains in good shape’ despite ban on fees](/img/default/llt.png)
It is currently a challenging time for letting agents, following a raft of changes introduced by the government prompting concern that...
13 September 2017
From: Breaking News
![Landlords urged to remortgage ahead of tougher BTL regulations](/img/default/llt.png)
If the existing mortgage deal on your buy-to-let property is about to come to an end, you may want to change...
23 August 2017
From: Breaking News
![BM Solutions is latest lender to change criteria ahead of new portfolio rules](/img/default/llt.png)
BM Solutions has set out the details of how it will tackle portfolio buy-to-let underwriting when the Prudential Regulation Authority (PRA)...
23 August 2017
From: Breaking News
![Skipton insist it’s ‘business as usual’ despite rule change](/img/default/llt.png)
Skipton Building Society has announced that it has tightened its portfolio affordability requirements to 150% at 5.5%, and at 5% for...
16 August 2017
From: Breaking News
![NatWest will ‘continue to support’ portfolio landlords](/img/default/llt.png)
Natwest has announced an overhaul of its underwriting processes for portfolio landlords ahead of September’s regulatory changes for complex buy-to-let, but...
10 August 2017
From: Breaking News
![Coventry release details of additional lending criteria for portfolio landlords](/img/default/llt.png)
Coventry Intermediaries has announced that it is setting out additional lending criteria for portfolio landlords with four or more properties, to...
03 August 2017
From: Breaking News
![Accord reveals portfolio buy-to-let underwriting change](/img/default/llt.png)
Accord Buy To Let is the latest lender to announce that it is amending details of its buy-to-let lending criteria for...
01 August 2017
From: Breaking News
![BTL landlords ‘remain resilient’ despite ‘ever-changing property marketplace’](/img/default/llt.png)
But-to-let landlords are a resilient bunch of people who continue to adopt a ‘positive’ attitude towards the private rented sector (PRS)...
27 July 2017
From: Breaking News
![Paragon makes portfolio BTL changes to comply with PRA’s new requirements](/img/default/llt.png)
Paragon Mortgages is the latest in a long line of lenders to implement changes for portfolio landlords ahead of the Prudential...
17 July 2017
From: Breaking News
![Keystone increases proc fee for portfolio landlord lending](/img/default/llt.png)
Keystone has announced that it will be raising its buy-to-let procuration fees to 0.7% to recognise the additional work mortgage brokers...
12 July 2017
From: Breaking News
![New guide to help you understand portfolio landlord rule changes](/img/default/llt.png)
Specialist bank Aldermore has launched a new guide to help buy-to-let investors and mortgage brokers understand its underwriting changes ahead of...
10 July 2017
From: Breaking News
![Santander aims to ‘better support’ BTL landlords by offering greater flexibility](/img/default/llt.png)
Santander will now assess buy-to-let remortgages with 125% rental cover at 5% for borrowers who secured a mortgage before the Prudential...
19 April 2017
From: Breaking News
![Buy-to-let enquiries soared in Q4 2016](/img/default/llt.png)
Enquiries from investors seeking to invest in the buy-to-let market rose sharply in the final three months of 2016, new figures...
14 March 2017
From: Breaking News
![Brokers prepare to help landlords understand tax changes](/img/default/llt.png)
A series of workshops are being held across the UK to help mortgage brokers understand the buy-to-let tax changes coming into...
01 March 2017
From: Breaking News
![What opportunities and challenges lie ahead for BTL landlords this year?](/img/default/llt.png)
We all know that buy-to-let investors face a challenging time, but what are the key issues affecting landlords? Karen Bennett looks...
17 February 2017
From: Breaking News
![What does 2017 have in store for the BTL mortgage market?](/img/default/llt.png)
Can we predict what the next 12 months may bring for the buy-to-let mortgage market? Many experts have attempted to do...
27 January 2017
From: Breaking News
![NLA updates mortgage sourcing system ahead of tax changes](/img/default/llt.png)
Online mortgage search tool NLA Mortgages has implemented a new sourcing system, allowing landlords to find mortgage products based on their...
23 January 2017
From: Breaking News
![More buy-to-let landlords turn to bridging finance](/img/default/llt.png)
The Bank of England’s decision to crack down on buy-to-let lending through the introduction of tighter borrowing rules and stricter affordability...
18 January 2017
From: Breaking News
![Buy-to-let mortgage rates set to fall](/img/default/llt.png)
Buy-to-let mortgage rates are expected to fall in 2017 for ordinary landlords with one or two properties, but get more expensive...
09 January 2017
From: Breaking News
![New buy-to-let products from Mansfield BS](/img/default/llt.png)
Mansfield Building Society has unveiled a new buy-to-let range up to 75% LTV and updated its rental income criteria, in accordance...
05 January 2017
From: Breaking News
![Landlords to be adversely affected by tax changes and tougher lending conditions](/img/default/llt.png)
Having long provided mega double-digit returns for investors, investment in buy-to-let has outperformed all major asset classes in recent years, but...
04 January 2017
From: Breaking News
![Another lender introduces tougher stress tests for buy-to-let landlords](/img/default/llt.png)
The Bank of Ireland has become the latest lender to announce that it is increasing its rental stress rate for buy-to-let...
04 January 2017
From: Breaking News
![Lender reduces specialist BTL rates](/img/default/llt.png)
After announcing planned rate reductions and new DSCR requirements last week, Shawbrook’s commercial mortgages team has confirmed that these changes are...
21 December 2016
From: Breaking News
![Vast majority of letting agents expect rents to rise in 2017](/img/default/llt.png)
Rents will continue to increase next year, owed in part to a reduction in housing supply in the private rented sector...
20 December 2016
From: Breaking News
![What are the implications of the PRA changes for landlords?](/img/default/llt.png)
A number of mortgage lenders have now revised their affordability criteria, in line with the Prudential Regulation Authority’s (PRA) supervisory statement...
15 December 2016
From: Breaking News
![Buy-to-let borrowing falls by a fifth to hit a ‘new normal’ level](/img/default/llt.png)
Buy-to-let lending has fallen significantly as tougher lending rules and the introduction of the 3% stamp duty surcharge on additional homes...
15 December 2016
From: Breaking News
![Days of the buy-to-let landlord are numbered, says Fergus Wilson](/img/default/llt.png)
Tax changes and more stringent mortgage lending conditions will sound the death knell for small buy-to-let landlords, according to Britain’s largest...
12 December 2016
From: Breaking News
![New mortgage products utilising 'advantages of a corporate structure'](/img/default/llt.png)
Fleet Mortgages has launched three new limited company products for those borrowers using corporate structures to purchase or remortgage property. The buy-to-let...
08 December 2016
From: Breaking News
![Tougher “stress tests” for buy-to-let landlords](/img/default/llt.png)
The Mortgage Works is the latest lender to announce that it is increasing its rental stress rate for buy-to-let landlords as...
07 December 2016
From: Breaking News
![BTL mortgage costs set to soar as landlords pushed into longer deals](/img/default/llt.png)
But-to-let landlords face paying an extra £6,700 on their mortgages when new rules forcing them to take out longer term loans...
02 December 2016
From: Breaking News
![Bank of England questions big banks over buy-to-let lending](/img/default/llt.png)
The government’s decision to grant the Bank of England’s Financial Policy Committee greater powers over the buy-to-let market looks set to...
29 November 2016
From: Breaking News
![BM Solutions revises rental cover calculations](/img/default/llt.png)
BM Solutions has unveiled a fresh approach to addressing the upcoming buy-to-let tax changes by developing a new rental income calculator...
09 November 2016
From: Breaking News
![Regulator set to introduce tougher buy-to-let lending rules](/img/default/llt.png)
The Prudential Regulation Authority (PRA) has confirmed that it will introduce tougher underwriting standards for buy-to-let lenders by the start of...
30 September 2016
From: Breaking News
![Buy-to-let landlords could face tighter borrowing rules](/img/default/llt.png)
Buy-to-let landlords could soon find it harder to secure finance to acquire property following the news that buy-to-let mortgage lenders may...
12 August 2016
From: Breaking News
![NLA cautiously welcome BTL lending criteria proposals](/img/default/llt.png)
The new lending criteria proposals for underwriting standards for future buy-to-let mortgage contracts put forward by the Prudential Regulatory Authority's (PRA)...
05 July 2016
From: Breaking News
![Major concern over surge in buy-to-let mortgages](/img/default/llt.png)
With alluring rental returns achievable and low-cost interest-only mortgages, otherwise deemed too risky for regular homebuyers, still available to landlords, buy-to-let...