Buy-to-let lenders are cracking down: Should I remortgage my properties early to escape being hit?
I’ve just remortgaged one of my buy-to-let properties with The Mortgage Works who told me that far from needing my rent to cover my mortgage by an extra 25 per cent, it now needs to cover it by an extra 45 per cent.
The change really threw me and meant that I ended up putting in extra equity to the property to pull the loan-to-value and rate down.
I have four other buy-to-lets, all of which are due to be remortgaged fairly imminently but I am still in the period where I'll need to pay early repayment charges to remortgage now.
Are all lenders going to require this much more rent or can I... read more
- 11:48 Rupert Everett used prosthetic GENITALS to play Oscar Wilde: ‘I had...
- 11:47 Dashcam drive from Hessle to Hull Paragon Station...in 1996!
- 11:46 New Zealand make early inroads in third Test against South Africa...
- 11:46 Leicester midfielder Wilfred Ndidi wants to be his own man: 'I have...
- 11:46 Gianluigi Buffon joined an elite club by playing in the 1,000th...
- 11:47 Etchings that once sparked a royal row go on show
- 11:46 Luiz Felipe Scolari denies he will retire from coaching at the end...
- 11:46 Seamus Coleman will come back 'fitter and stronger' from horrific...
- 11:46 Daniel Ricciardo apologises to Red Bull after Australian GP...
- 11:46 Young boy spots 'Friendly Paedophile' following Weelsby Academy...
- 11:45 Former Blackpool officer will be county’s chief
- 11:45 Egyptian court suspends jail sentence against journalists
- 11:44 New car tax rules and TV licence fees to rise - new laws coming...
- 11:44 Bradley Lowery's excitement ahead of leading out England with 'best...
- 11:43 Battle for Mosul: Residents flee ahead of air strikes
- 11:42 Charities outline their work to club
- 11:42 Remember: Clocks spring forward tonight
- 11:38 Remember: Clocks spring forward tonight
- 11:38 Former Blackpool officer will be county’s chief
- 11:37 17-year-old amateur boxer dies after collapsing in ring
- 11:36 Blyth students enjoy a trip to New York
- 11:36 Shane Long: This is what Seamus Coleman was like on the field after...
- 11:34 Why I get mistaken for being drunk
- 11:34 The Great War in the voices of the people
- 11:34 Belford GP to retire in April after 35 years
- 11:34 The man taught to have sex by lesbians
- 11:34 Man carrying rifle in Crook street arrested
- 11:34 Remember: Clocks spring forward tonight
- 11:32 Traffic lights on A590 at Lindal still in place
- 11:32 Chocolate bars could get smaller after Brexit warns Cadbury