novel international rules likely to maintain negative consequences for buy-to-let borrowers and others,say trade groupMortgages for homeowners and buy-to-let landlords could become more expensive under novel rules being imposed by international regulators, an industry trade body has warned.
The Council of Mortgage Lenders (CML) said the global rules were likely to maintain “unintended and negative consequences” for buy-to-let borrowers and those borrowing to finance the purchase of their own home.
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Source: theguardian.com