Is Property Investment Becoming a Rich Person’s Game?

Is Property Investment Becoming a Rich Person’s Game?

Mortgage lenders have been quietly and arguably making it more challenging for the average landlord, as they continue to impose tougher checks and criterion on buy-to-let mortgages.  Leading to the question, is property investment becoming a rich person’s game? Barclays Bank have followed the lead of building society and second-largest lender in the UK, Nationwide and tightened their mortgage lending criteria, meaning that the minimal rental cover which is now required has increased from 135%…

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Bank Of Mum And Dad a Top 10 Mortgage Lender

Bank Of Mum And Dad a Top 10 Mortgage Lender

The ‘bank’ of Mum and Dad (BoMaD) is now behind a quarter of British mortgages, and is now listed as one of the top 10 mortgage lenders in the UK, alongside the likes of Barclays and Lloyds. This year, the Bank of Mum and Dad will lend more £5 billion to help their children get on the housing ladder offering deposits for 300,000 mortgages, according to a report by Legal & General. The average parental…

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