A leading think tank has called on the government to limit banks and building societies’ lending on buy-to-let properties, but would such a move be fair?
The Strategic Society Centre urged the government to introduce a cap which would see buy-to-let loans limited to just 5% of a lender’s mortgage book in order to help first-time buyers.
It said that at present it was easier for lenders to offer mortgages to landlords and this was skewing the market away from residential purchasers.
“Building new homes will never be enough for the government to help people’s aspiration for home-ownership without new restrictions to ensure that new build homes go to new homeowners,” said director James Lloyd.
The latest Mortgage Solutions People’s Poll asks whether such a limit should be implemented in order to free up housing stock for owner-occupiers.
To have your say in the poll click HERE now.
