Banks pull plug on the buy-to-let loans boom after a flood of applications from landlords | Mail Online
Banks have pulled the plug on dozens of cheap buy-to-let mortgages after a flood of applications from landlords.
More than 50 deals have disappeared recently at a time when investors are seeking to cash in on the strong demand for rented property.
More than 2,600 mortgages were granted a week to landlords between April and June. There are now 1.3 million outstanding buy-to-let loans – a new high.
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