From September the rules on Bank lending are to tighten yet further.
Worth a read if you are a residential landlord.
What impact will this have on property prices?
Funnily enough, this is another George Osborne attempt to take the heat out of the housing market.
But wasn't it George who brought in Help To Buy and we all know what that did to house prices.
Joined up thinking?
I don't think so.
Former Chancellor George Osborne's legacy will continue to take its toll on landlords this year as fresh rules buy-to-let mortgage lending come into effect. The Prudential Regulation Authority, part of the Bank of England, are set to force lenders to change the way they lend to buy-to-let landlords in an effort to reduce irresponsible lending in the sector. From September lenders will have to look at a landlord’s entire property portfolio when deciding on a mortgage for a single property. This could affect your application, particularly if some of your rentals are more profitable than others.