Lend­ing cri­te­ria ‘hob­bles rental’

Yorkshire Post - Property - - PROPERTY -

TIGHT lend­ing cri­te­ria for buyto-let mort­gages is pre­vent­ing the pri­vate rented sec­tor from meet­ing the grow­ing de­mand for qual­ity rented ac­com­mo­da­tion, says na­tion­wide ten­ant evic­tion and ref­er­ence firm Land­lord As­sist.

Gra­ham Kin­n­ear Man­ag­ing Di­rec­tor at Land­lord As­sist says: ““De­spite the re­cent in­crease in the num­ber of buy-to-let mort­gages avail­able to land­lords it ap­pears that the type of prop­erty that will be ac­cepted, to­gether with the oner­ous de­posit and lend­ing con­di­tions, means that fewer ap­pli­ca­tions than pre­vi­ously can tick all of the boxes. This is a great shame as there is a clear and grow­ing de­mand for rented ac­com­mo­da­tion through­out the UK.”

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