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Monthly Archives: October 2017

Buy to Let Portfolio Landlords

Well the buy-to-let market is being squeezed again with the new landlord portfolio rules which have now taken effect. Any landlord with 4 or more rented properties will be classed as a portfolio landlord and therefore where any additional property purchase is being done will have to show affordability across the whole portfolio.

Not only this but an increased amount of information and documentation will be requested by most lenders to support any mortgage application. Minimum income levels have been introduced by many lenders for portfolio customers and therefore together with the tax changes already introduced make it even tougher for customers to purchase a property or swap and change lenders by remortgaging.

Mortgage Brokers are therefore paramount in helping you find the right lender and obtain the right mortgage, whatever your circumstances.