BTL loans are set to escape EU regulations

The buy-to-let sector is set to escape new regulations after a committee scrutinising the European Commission’s mortgage credit directive voted to allow the UK to exclude these types of loans from the new rules.

Buy-to-let loans would have been captured in the original directive but an amendment in the economic and monetary affairs committee’s new draft of the directive allows for an exemption.

Read the full story at Money Marketing

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