Buy–to–let portfolio holders with more than 4 properties will be subject to cross portfolio checks to prove their overall borrowing still affordable.
This continues the pressure on private landlords as the Government seeks to reduce the amateurs in the sector and pushes to release housing back for owner occupiers and move renters into dedicated PRS schemes – much as they have done with student housing.
The added investigation cost for lenders will likely mean less products available and they will be more expensive.
So for advice on how to avoid the squeeze call us on 0131 622 9222 and lets discuss your finance and portfolio structure.