Property News · March 30, 2016

Buy-to-let let off the hook in Bank of England report


While the Bank’s mortgage report on the buy-to-let market was necessary, it had room to be bolder and this timid plan may be a case of too little, too lateThe Bank of England has muttered for so long about the possible dangers lurking in buy-to-let lending, the most excitable end of the housing market, that it had to do something. Against that backdrop, Tuesday’s policy response can only be viewed as timid. Would-be landlords – or, at least, those who weren’t planning to perform advanced gymnastics with their personal finances – will not tremble. All that will happen is that some banks will have to apply slightly stricter lending standards. Related: Bank of England set to clamp down on buy-to-let lending Continue reading…

Source : theguardian.com
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