Nationwide warns buy-to-let bubble may be about to burstTHE BUY-TO-LET housing boom may be about to come to an end, one of the UK's largest mortgage lenders warned yesterday.
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The article reports on the revision of the decision on the buy-to-let (BTL) lending subsidiary of the Mortgage Works (UK) PLC (TMW) to stop lending to British landlords who have tenants on housing benefits. It notes that the decision came after the company received customer feedback about...
NatWest continued its hikes from last week by raising prices on its first-time buyer, buy-to-let and shared equity product ranges. It also introduced a higher price for a two-year fixed purchase deal at 60% loan to value (LTV), rising by 0.8% to 5.07%. ...
An increase in the higher rate of stamp duty for second homes could dampen demand for buy-to-let properties, he said. (Writing by William Schomberg, Editing by Paul Sandle) Copyright 2024 Thomson Reuters.
The article reports on the decision of Nationwide to reverse its decision to stop providing buy-to-let loans to landlords with tenants on housing benefits. It is believed that the decision was prompted by the British government's new benefits system as under the new rules there will be a cap...
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