So a summary of some of the emails that have passed across my desk over (just) the last week..! Insurance & Protection Legal & General – details of a free feature provided by them on their newer life products Aviva amendments to their Income Protection and Life & Critical Illness products Aegon Scottish Equitable & […]
From the 30th September 2017, the underwriting criteria for new and existing but to let mortgages is changing where the borrower is defined as a Portfolio landlord.
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.