Buy-to-let criteria to be tightened

Several of Britain’s biggest lenders are however, tightening their criteria on buy-to-let mortgages, depriving many investors of the chance to take advantage of falling prices and low interest rates. Just 27 out of 97 lenders are offering buy-to-let mortgages according to a survey by one analyst, with the best rates for landlords about 1.5 per cent higher than residential mortgages. Most lenders have also increased the level of deposit required to out a buy-to-let mortgage.