Student landlords were among property investors grabbing a share of the £5 billion borrowing in the house in multiple occupation and buy to let market in the second quarter of the year.
Buy to let mortgage lending slipped back in the first three months of 2013, according to the latest figures from bank and building society trade body The Council of Mortgage Lenders (CML).
Buy to let mortgage lenders are refusing to advance money to landlords with homes – including houses in multiple occupation (HMOs) – in neighbourhoods covered by council selective licensing schemes.
Buy to let property investors should look out for big fees on landlord mortgages that can substantially increase the cost of borrowing, warn brokers.
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