HBOS Halts Buy-To-Let Lending

from the house-price crash website

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They claim it's a mortgage-processing bottleneck but that sounds rather more like a 'plausible' excuse.

And what happens now when a BTLer wants to desert his sinking ship?

Reply to
curiosity
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If The Mortgage Business dislike BTL then they'll move quicker than normal on sales, I'd imagine.

Why did you say it was HBOS ?

Daytona

Reply to
Daytona

I just copy/pasted the headline from the original to the subject header here

Reply to
curiosity

Not just BTL, but also self-certification.

It's likely that they've (finally) cottoned on to first time buyers and Jones' next door neighbours taking out whopping mortgages on the basis of a nod and a wink and are trying to shut the door after the fact.

Shano

Reply to
Shano

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