The introduction of new stricter lending rules at the end of this month featured in this weekend’s financial press, with experts in the Times urging borrowers not to rush into trying to secure a mortgage, as many lenders have already implemented their changes. Brokers reported in the Sunday Express and Sunday Times however that now is still a good time to consider switching as fixed rates have begun to edge up in recent weeks.
The Telegraph looked at suggestions that Buy-to-Let lending will continue to increase following government plans to give pensioners unlimited access to their retirement savings. Experts warned that, with an interest rate rise predicted, investors could leave themselves vulnerable to cash flow problems if rental income falls short of the mortgage. The Sunday Telegraph revealed however that Buy-to-Let lenders are reconsidering age restrictions to accommodate these new borrowers.