Daily Mail article today

superdudeo

dailymail.co.uk/news/article-2697977/900-000-landlords-face-buy-let-tax-probe-Second-home-owners-face-investigation-concern-grows-undeclared-profits.html

I was wondering what truth there is in this nugget of information from the Daily Mail today...

"Tough new rules to come soon from the EU are also expected to help put the brakes on the amount banks are willing to lend buy-to-let investors"

True or embellishment?

payless

Yep - recently hit the west mids landlords - had to answer some questions myself - all ok but they did want a lot of info

Thrugelmir

Banks have a large exposure to the residential property market. So there's bound to be a concern as any down turn could cause major problems for the banks. Whose balance sheets aren't yet in the best of health.

superdudeo

payless wrote: »

Yep - recently hit the west mids landlords - had to answer some questions myself - all ok but they did want a lot of info

Hi, I'm not referring to what the main article is about but the possible fact that "tough new EU rules limiting what BTL borrowers can borrow"