We all understand why property is not flavour of the month for some lenders who have historic bad debts and we are seeing many long established landlords having their funding lines cut from certain lenders.
I have seen 40 year connections told, please repay we don’t want you any more.
It’s important you have a lender who understands property, has a good reputation and is clear and transparent about credit policy.
Thankfully there are banks that are open for business and more are coming into the sector.
Tags: BTL, lender, mortgage, portfolio landlords