New Year, New Buy-To-Let Mortgage Regulations

btl

Borrowers for UK investment property will face stricter lending criteria when approaching buy-to-let (BTL) mortgage lenders in 2017, as new regulations from the Prudential Regulation Authority (PRA) take effect from the 1st January. To prevent and restrict the amount of debt investors are taking on, the PRA is introducing another sensible affordability check. This will…