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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.


IFP’s view

One of the astonishing parts of the recent ABI report on commission is the assumption that there is still a fee versus commission debate. It is surely time for us to move on to a debate that focuses on how advisers can be paid effectively and fairly for the work they do with clients. To enable this to happen, there has to be a form of commission that rewards the selling of products

Final countdown – Keith Popplewell

In this series of articles, I am identifying and discussing recent and impending developments in various aspects of pensions. Leading on from my last article, I am now considering issues relating to financial protection for sch-eme members of final-salary wind-ups.


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