Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Last September, new regulations were introduced to make it harder for landlords with four or more mortgaged properties to borrow money. The new regulations are designed to prevent irresponsible lending and introduce interest rate stress testing on buy-to-let mortgages for the first time. Mortgage lenders will now review the entire existing portfolio before deciding to lend on a new application. This could have a massive impact on any landlords with more than four properties, now deemed as a portfolio investor, especially if they are running the business on narrow margins.