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Scottish Widows predicts collapse of buy-to-let market

Scottish Widows Bank is predicting that demand for rented property is plumetting and the buy-to-let mortgage market is set to collapse.


The Edinburgh-based bank says the market is in danger of overheating and will now only accept applications for its buy-to-let mortgages that are introduced by IFAs.


Widows says it is refusing to accept direct applications because it believes borrowers need to take independent financial advice to understand both the benefits and dangers of investing in property.

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