Oct. 13, 2016
TPP187: A busy week in property!
- We need another 1.8 million rental properties, says RICS
- Landlords have lost their legal challenge over the Finance Bill
- Perhaps as a result of the same changes, 63% of new mortgage applications are for limited companies
- And mortgage applications are only going to get more arduous: the Bank of England have set out their new underwriting requirements, with tougher stress-tests and requirements for portfolio landlords
- Finally, it's more tough talk from another new government with the announcement of a £5bn fund to provide 25,000 new homes. Will it come to anything? Who knows...
There was plenty to talk about, so take a listen and see what you think!
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