Will the abolition of Section 21 make it harder to get mortgages for buy-to-let properties, and are lenders introducing new criteria or due diligence checks as a result?
Quick Answer
The anticipated abolition of Section 21 is not expected to significantly tighten BTL mortgage availability directly. Lenders maintain standard stress tests (125% rental cover at 5.5% notional rate) and affordability checks.
About This Topic
Abolition of Section 21 (expected 2025) isn't tightening BTL mortgages directly. Lenders still focus on 125% rental coverage at 5.5% notional rates, but future landlord due diligence may increase.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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