The buy-to-let market was this week's focus as a number of lenders adjusted their processes as NatWest simplified its calculator and Santander reduced its affordability rates.
The Labour Party’s plan to give tenants in the private rental sector the right to buy their property for a “reasonable price” was described as “ludicrous” by buy to let (BTL) brokers who insisted the state “did not have a right to dictate transaction”.
Elsewhere, Skipton revealed that despite Brexit uncertainty, its overseas BTL business was thriving with year-on-year enquiries up by 43 per cent.
Santander reveals buy-to-let criteria changes
NatWest eases buy-to-let affordability
Labour’s ‘ludicrous’ buy-to-let plans could destabilise housing market, say brokers
Labour plans could force buy-to-let landlords to sell to tenants
TSB cuts fixed rates
Leeds BS ups max buy-to-let LTV, Hinckley and Rugby BS offers ERC-free RIO – round-up
Buy-to-let applications from overseas soaring ‒ Skipton
HSBC attempts market land grab with £35bn war chest
Mortgage Brain launches integrated affordability tool
HSBC loosens criteria to boost contractors and agency workers