The recent collapse and part nationalisation of Bradford and Bingley came as a shock to some, and none more so than the many buy to let landlords that have been affected by what has happened to the lenders. The Bradford & Bingley has been a primarily buy to let lender, and many landlords may have had buy to let mortgages with the lender set at special rates for a fixed period. Moreover many of these landlords may be due to come off these set rates, and this could prove to be a problem for some. (more…)
Posts Tagged ‘bradford & bingley’
How will buy to let landlords fare after B&B collapse?
Monday, November 24th, 2008
Mortgage deals axed following B&B collapse
Thursday, October 23rd, 2008According to a recent report a huge number of mortgage products from lenders were axed following the high profile collapse of Bradford & Bingley, which was recently part nationalised. Shortly after the collapse over 10% of mortgage that were on offer to borrowers, buy to let investors, and those looking to remortgage were pulled from the shelves. This equates to over one in ten mortgage deals being pulled from the shelves in the wake of the B&B disaster. (more…)
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