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Foundation Home Loans changes buy-to-let criteria in response to new EPC rules

Foundation Home Loans has made changes to its buy-to-let criteria for landlords expanding or refinancing their portfolios to reflect new rules concerning energy performance certificates (EPCs). Landlords with privately rented property must now ensure their properties have an EPC rating of E or higher before granting a new tenancy to new or existing tenants. Properties registered with Foundation Home Loans ...

PRA changes driving brokers toward specialist lenders for portfolio landlord applications

The Prudential Regulations Authority’s (PRA) new guidelines for portfolio landlords have resulted in more mortgage brokers using specialist lenders for the first time. According to data from specialist lender Kent Reliance, part of OneSavings Bank, more than half of brokers (52%) surveyed said they have used specialist lenders more frequently since the PRA changes came into force in October 2017. About a ...