February 24, 2017
Big changes are afoot with buy to let lending that will make it increasingly difficult to get a loan. If like me, you refinance several loans a year as discounted products come to an end, then you need to take a long hard look at the changes and start planning, particularly if you were hoping to raise more money.
Prudential Regulation Authority (PRA) rules governing buy to let lending came into effect on 1 January 2017. Over the past 2 years most lenders have started stress testing applications at 125% rental coverage and a [...]