More pain to come for buy-to-let landlords

Estate agent signs © iStock
Higher-rate taxpayers will be hardest hit

New regulations that come into force next September will see borrowing costs climb for landlords with four or more buy-to-let properties, says James Pickford in the Financial Times. This is the latest in a string of measures designed to clamp down on buy-to-let investing.

Currently, most mortgage providers assess buy-to-let loans on the basis of whether the property will bring in enough rental income to cover the mortgage. Under [...]