Lenders clamp down on buy to let mortgage borrowing

Lenders clamp down on buy-to-let borrowing

High street banks have increased stress-testing on buy to let mortgage borrowing, dramatically reducing the amount that landlords can borrow.

Santander, for example, has tightened it’s stress test on a five year fixed rate buy to let mortgage increasing the necessary rental income in proportion to the size of the loan.

Source The Daily Telegraph

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