Lending Changes for Landlords by UK Finance

The Senior Policy Adviser for UK finance recently talked about some things that concerned the lending changes for landlords. This included Why the PRA is targeting mortgaged portfolio landlords in particular. She also talked about how a typical landlord will be impacted by these changes. It has already been observed that the treasury is not shy about introducing tax changes that go specifically after landlords. There are a lot of questions that have been raised about this issue.

Key Takeaways:

The PRA is targeting buy-to-let landlords due to recent influx of them and the amount of loans being given out.
While residential mortgages have stayed flat, those same buy to let schemes have increased.
Not all of them are being targeted, but starting it at those with four or more, show a clear pattern.

“Portico London estate agents recently put on a sell-out investment seminar, where a host of industry experts gathered to share their insight on some hot property topics.”