Changes to criteria for portfolio buy to let landlords

From 30 September 2017, new mortgage regulations from the Bank of England (BoE) will become effective. In the industry it is referred to as PRA phase 2.

These new regulations will mean that in many cases landlords with more than three mortgaged buy-to-let properties will have to provide much more information about all their existing rented properties and other assets, liabilities, income and costs.

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A broker tries to go Direct!

  This pulled from a broker forum, tells the experience a seasoned Mortgage Broker had when trying to deal with a lender through their Direct Channel (i.e. rather than via the intermediary/broker route) for his own remortgage….(not me by the way!) This summer my mortgage rate is up for review. I’ve been a faithful customer […]

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Estate Agent mortgage advisers – what to look out for

Don’t fall foul of a trick that some estate agents use when either registering with them to view a property, or at the point that you are actually making an offer on a property on their books… Some will have you believe that you can become a ‘preferred purchaser’ by being ‘qualified’ or checked out […]

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