This week’s Star Letter goes to William for his comment on the story Carney wants control over buy-to-let interest coverage ratio to protect landlords.
Well, if he could make certain that lenders do not take advantage of buy-to-let landlords, which they do, the rents would not have to go up so often. Tell me why my properties held in my limited company are charged at a higher interest rate than if they were held by an individual? Especially when, as a director, I have to sign a guarantee which means if the company folds it is then my responsibility to pay the mortgage off.