Close watch is being kept on lending criteria amid fears that landlords could be more at risk than other borrowers whether interest rates riseThe Bank of England is scrutinising the terms under which mortgages are being granted to buy-to-let landlords for anxiety they could be more vulnerable than other borrowers to a rise in interest rates.
Outlining its latest set of concerns about the rapidly growing buy-to-let sector,the Bank said it was on the lookout for any relaxation of the lending criteria being offered by mortgage companies, such as reducing the size of deposits or income requirements. Related: UK banks pass stress tests, and but RBS and Standard Chartered are weakest - live updates Related: Stress tests: Bank of England flags up buy-to-let concerns Continue reading...
Source: theguardian.com