New rules to hit Buy to Let Market5th June 2017

New rules due to be introduced by the Bank of England could make it harder for Buy-To-Let owners to obtain mortgages, says the Telegraph.

The rules will require lenders to assess the viability of the whole portfolio if someone owns more than four properties. The change comes on top of restrictions to BTL owners' ability to claim tax relief on mortgage interest, and there is also uncertainty about how lenders will interpret and apply the rules, so brokers are urging owners to refinance before they take effect.