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Brokers fear BTL squeeze

Borrowers rejected where previously would have been offered BTL mortgagesConsultant at a large multi-national accountancy firm requests 50 per cent LTV for a buy-to-let property.

The client’s current salary is 70,000 plus her partner’s large salary make her a stable candidate. Going on maternity leave has labelled her “outside criteria”. Her mortgage request is rejected.

Solicitor on 200,000 a year applies for a BTL mortgage is asked to put in an extra 30,000 as his rental yield is short by 80 per month, according to the lender’s calculations.

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