Buy to let mortgages could face limits

The Bank of England has revealed that buy-to-let mortgages could be the next financial product to be subject to new limits. The Financial Policy Committee has stated that borrowers must only be allowed to borrow if they are capable of repaying their loan at a 3% increased interest rate. This will stop lenders from issuing too many risky loans.

Click here for further details.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>