Tag Archives: EU mortgage directive

Euro MPs kick out EU buy to let mortgage regulation Buy to Let News, Landlord News, Latest Articles, Mortgage News, Property News

Buy to let mortgage lenders are sighing with relief after the European parliament voted to exclude landlord loans from tough new lending rules.

The UK’s Council of Mortgage Lenders (CML) has campaigned long and hard for buy to let to be treated as a commercial loan rather than a residential mortgage, which was the initial thrust of the
European directive on credit agreements relating to residential property (CARRP). Continue reading Euro MPs kick out EU buy to let mortgage regulation


Buy to Let Mortgage Row Takes Another Turn in Europe Buy to Let News, Latest Articles, Property Investment News, Property Market News

"The buy to let row is rumbling on in Europe"

Rows over the future of buy to let lending are raging on as the European Union debates ways to safeguard consumers from unfair lending practices.

European politicians are formulating a mortgage directive to standardise lending rules across the 27 member states, but buy to let lenders in the UK are protesting the new constraints are unfair to banks, building societies and borrowers.

The issue for lenders is the UK is the only European country that has a thriving buy to let market.

In other countries, property investment is carried out by companies or trusts rather than individuals. Continue reading Buy to Let Mortgage Row Takes Another Turn in Europe


Lenders Turn Up Buy to Let Heat on the EU Buy to Let News, Latest Articles

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Paragon are lobbying the EU

One of Britain’s largest landlord mortgage lenders has stepped up the pressure on Brussels not to regulate buy to let.

Paragon Group director John Heron has just returned from a trip to the European Union headquarters to lobby for buy to let to stay outside of the proposed mortgage credit directive. Continue reading Lenders Turn Up Buy to Let Heat on the EU


EU mortgage rules could trap buy to let lenders Commercial Finance, Latest Articles

EU FlagEU rules that aim to tighten up mortgage lending may have an unforeseen impact on buy to let.

The draft EU mortgage directive covers all mortgages for residential property and sees no difference between buying as a home or buy to let.

The main issue for lenders is the directive makes them more responsible for showing a borrower can afford a loan. Continue reading EU mortgage rules could trap buy to let lenders


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