Lenders pull out of regulated buy-to-let market
A host of banks have pulled out of the regulated buy-to-let mortgage market making it harder for parents to buy investment properties and allow their children to live in them. Clydesdale Bank has said it will no longer accept regulated buy-to-let applications, following moves from BM Solutions and NatWest.
Trinity Financial told The Sunday Times: "Demand for buy-to-let property is getting stronger and there are a number of parents who like the idea of letting their children live in their investment. Without this they will need to put down a bigger deposit and apply for a second home mortgage".
April 24, 2014
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