{"id":11646,"date":"2016-04-29T16:56:11","date_gmt":"2016-04-29T09:56:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-tightens-lending-criteria-for-buy-to-let-landlords\/"},"modified":"2016-04-29T17:03:05","modified_gmt":"2016-04-29T10:03:05","slug":"nationwide-tightens-lending-criteria-for-buy-to-let-landlords","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-tightens-lending-criteria-for-buy-to-let-landlords\/","title":{"rendered":"Nationwide tightens lending criteria for buy-to-let landlords"},"content":{"rendered":"


\nBuilding society\u2019s changes come as the Bank of England attempts to rein in buy-to-let lendingNationwide building society is tightening up its criteria for lending to buy-to-let landlords ahead of changes to how much tax relief they will be allowed to claim against their repayments.Landlords who take new loans from the society\u2019s specialist arm The Mortgage Works (TMW) will only be able to borrow up to 75% of a property\u2019s value, instead of the current 80%, and will have to prove that their rental income is at least 145% of their monthly mortgage payments. Currently the figure is 125%, in line with most other lenders. Continue reading…
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\nSource : theguardian.com
\nRead more…Nationwide tightens lending criteria for buy-to-let landlords<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Building society\u2019s changes come as the Bank of England attempts to rein in buy-to-let lendingNationwide...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11646","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-31Q","jetpack-related-posts":[{"id":5186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/booming-buy-to-let-puts-112bn-in-pockets-of-british-landlords\/","url_meta":{"origin":11646,"position":0},"title":"Booming buy-to-let puts \u00a3112bn in pockets of British landlords","date":"May 29, 2015","format":false,"excerpt":"\r Rental income is worth almost \u00a34bn a month nationwide as the sector\u2019s popularity for investment continues to increase, locking out first-time buyersBritish landlords earned \u00a3112bn from capital gains and rental income last year, in the latest example of the booming buy-to-let market.As would-be first-time buyers struggle to get a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-lending-falls-as-tougher-rules-bite\/","url_meta":{"origin":11646,"position":1},"title":"Buy-to-let lending falls as tougher rules bite","date":"November 18, 2016","format":false,"excerpt":"\r Nationwide says new affordability tests introduced ahead of tax changes have made life more difficult for landlordsThe first signs that the buy-to-let boom could be coming to an end have emerged in figures from the Nationwide building society, which showed that lending to landlords went into the reverse over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-mortgage-lending-rockets-ahead-of-stamp-duty-rise\/","url_meta":{"origin":11646,"position":2},"title":"Buy-to-let mortgage lending rockets ahead of stamp duty rise","date":"March 10, 2016","format":false,"excerpt":"\r Council of Mortgage Lenders reports 22% rise in number of loans taken out by landlords in January as 1 April hike loomsThe number of buy-to-let mortgages rocketed by 22% in January compared with the same month in 2015, as landlords rushed to beat forthcoming tax changes.Around 9,500 loans were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-uk-property-sales-fall-by-almost-50-in-a-year\/","url_meta":{"origin":11646,"position":3},"title":"Buy-to-let UK property sales fall by almost 50% in a year","date":"June 23, 2017","format":false,"excerpt":"\r Council of Mortgage Lenders downgrades forecasts saying landlords are withdrawing from market in response to tax changes and tighter lending rulesThe number of properties bought by landlords has almost halved in a year following a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/large-buy-to-let-landlords-braced-for-tougher-mortgage-rules\/","url_meta":{"origin":11646,"position":4},"title":"Large buy-to-let landlords braced for tougher mortgage rules","date":"September 22, 2017","format":false,"excerpt":"\r Banks will assess the viability of portfolios not single properties before lending\r \r Source : ft.com\r Read more...Large buy-to-let landlords braced for tougher mortgage rules","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-we-landlords-are-being-vilified\/","url_meta":{"origin":11646,"position":5},"title":"Buy to let: \u2018We landlords are being vilified\u2019","date":"December 10, 2016","format":false,"excerpt":"\r With a lending crackdown and a massive tax hike due, many landlords could soon find themselves moving from profit to lossRob Hill is angry that his tax bill will go up \u00a33,000 from April. Chris Cooper is furious that his personal tax bill will nearly double. Other landlords say\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11646"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11646"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11646\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}