Latest Renters Rights Bill: Buy to Let Mortgage Update
By Mark Alexander, Founder of Property118. The Renters Rights Bill buy to let mortgage rules could affect refinancing, lender criteria and borrowing power for UK landlords in 2025.
Many landlords are asking how the Renters Rights Bill buy to let mortgage market will respond once the new tenancy laws take effect. The Bill has dominated headlines for its impact on tenants, but its influence on lending could be just as significant.
Lenders base their decisions on assumptions about tenant stability, arrears and property standards. When those assumptions change, the whole framework of buy-to-let finance begins to shift.
The question is, how might the Renters Rights Bill alter access to funding, refinancing options and the cost of the next mortgage? Currently, lenders are treading carefully.
Landlords should be aware of the potential changes in the buy-to-let mortgage market.
Author's summary: Landlords face changes in buy-to-let mortgage rules.