The Times - Tougher rules for buy-to-let landlords
Tags: The Times and The Sunday Times, Press Commentary
From June 26 it will also no longer offer mortgages to private landlords looking to buy properties with more than one unit and to limited-liability partnerships (companies set up by at least two people) as well as limited companies that can be registered to only one person. The bank said that it sold very few of these mortgages.
Aaron Strutt product director at Trinity Financial told The Times: “Lenders are wondering how they can leave themselves less exposed to the economic fallout from the pandemic.”
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