The RLA has warned BTL borrowers that mortgage lenders may try to change their rates as property values fall

The Residential Landlords Association has warned landlords that BTL mortgage lenders could try to change BTL mortgage borrowing rates if falls in property prices continue.

This would leave many landlords stranded between a rock and a hard place.

Some BTL mortgage agreements allow mortgage lenders to change rates if there is a dramatic change in the LTV).

Read more in FT Advisor

No Fees BTL Mortgage Broker Offer -
Tel - 01424 205 373 - ref PropertyHawk