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
European politicians have delayed voting on buy to let regulation and other key home loan proposals.
The vote was scheduled to go before the European Parliament’s economic and monetary affairs committee today (April 25, 2012). Continue reading Buy to let regulation vote delayed again by Eurocrats
Our most popular article to date in terms of both debate a viewers was the prospect of the EU regulation of buy to let and how it would affect the UK markets.
The whole issue of buy to let regulation has been hot news over the last few days with Nationwide specialist lending arm “The Mortgage Works” having released the video debate below and also the announcements from the National Landlords Association which are featured below TWP’s video.
Continue reading Buy to Let regulation – The EU and CARRP
EU could be set regulate buy to let mortgages
The Council of Mortgage Lenders is not commenting on news that a major battle over regulating buy to let mortgages with European policymakers is lost.
Reports suggest lobbying by the CML and Association of Mortgage Intermediaries (AMI) has failed and a new European Directive on Credit Agreements Relating to Residential Property will include buy to let finance. Continue reading EU ready to regulate buy to let mortgages