presidenttttt
Registered User
- Messages
- 372
Remind us now what buy-to-let mortgage arrears peaked at in the mid-2010s. Was it 1%…….. or maybe 1.5%?Pretty high interests at the moment for the banks to be taking practically zero risk!!
By whom? Individual lenders? Unilaterally or mandated by the Central Bank?I was a bit surprised to see the level of stress testing going on with BTL mortgages at the moment.
I presume you mean 1.4 times the annual mortgage repayment amount?Essentially rent needs to be close to 1.4 times the mortgage
Haven't BTL rates always been higher than PPR rates reflecting the higher risk involved (certainly not practically zero!)?Pretty high interests at the moment for the banks to be taking practically zero risk!!
Does this mean rent must be at least 1.25x mortgage?- stress test is +2% and then a 1.25 multiplier for the rental income to mortgage threshold.
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