Mortgage lenders tightening up

Barclays has just increased it’s rental cover requirement from 135% to 145% in line with Nationwide. Newcastle has take this even further by increasing rental cover, increasing reference rate AND reducing the number of buy-to-let properties it will lend to!

It will be interesting to see how these lenders will compete with the likes of Kent Reliance who seem to be going the other way to cautiously support landlords.

Have a chat to one of our key suppliers in yourbuy2let.com to get a broker perspective as well.

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