Landlords with multiple properties could face an administrative nightmare as new rules kick in. Here's what you need to know now

Landlords could soon face an administrative nightmare to get a buy-to-let mortgage as new regulations are set to come into force.
The new buy-to-let rules from the Bank of England will apply from October 1 and will demand a tougher stance from lenders assessing landlords who own four or more buy-to-lets.
From this date, landlords applying for a buy-to-let mortgage will have to provide information to the lender on every single property in their portfolio - even if the mortgage application is for just one of them.  
Over the past few weeks, lenders have started to confirm how they intend to... read more

4 September 2017 in Business, Views: 53
Source: Daily Mail

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