Buy-to-let lending set to become more strict across the UK – Rentman Software

In September, landlords are going to find that it is much more scrutiny involved when applying for and being approved for a mortgage that is used to buy a property that will be rented or leased out. That is why landlords have been given the recommendation that if they plan to remortgage any rental proprties, now is the time to do it. But even now, before the legislation takes effect, landlords have already reported that they are being asked to provide more documentation when applying for the loans. The law that is being enforced is designed to ensure that lenders are approving loans for borrowers who have demonstrated the ability to afford the debt they are requesting.

Read more: Buy-to-let lending set to become more strict across the UK – Rentman Software

Now that you've read this are you interested in talking to a mortgage adviser? Fill out the quick form below and you'll be contacted soon by an independent, regulated mortgage specialist for a free no obligation quote.

You can save between £6,000
and £15,000 on your Mortgage

Get a custom rate and see how much you will save
by filling out the quick form below.

Value of Property
Borrow How Much
Type of Mortgage:
Bad Credit History?
Yes No