29 March 2018

From the 30th September 2017, landlords with four or more buy-to-let properties will have to satisfy different criteria to secure mortgage borrowing, as they will be considered ‘portfolio investors’ under new rules being introduced by the Prudential Regulation Authority.

In order to comply with the new portfolio landlord underwriting standards, lenders will now be looking at the total income versus borrowing across all a landlordÂ’s properties, to ensure that any new borrowing doesnÂ’t adversely affect affordability for other properties within the portfolio.

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