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
The buy to let market will grind to a halt if EU proposals to change the way lenders hand out mortgages to landlords are approved, claim experts. Do not let this happen – sign the petition linked below.
The new rules will stop landlords buying new property to rent and restrict mortgage lending that will shrink the number of buyers and push house prices down.
This could put landlords and homeowners in to negative equity that would make selling homes impossible. Continue reading EU Trying To Kill Buy To Let – sign the petition to STOP it now.
"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
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