And the good news just keeps coming..................

Lots of news on the BTL front.

Those of us who are in this space wait in eager anticipation on what TMW will do with company BTLs but for those of us who are not interested in this then news from Nat West will peak your interest. News leaking out from the sponsors of the Six Nations - where has RBS gone? leads me to believe that they are going to go toe to toe with the other players in the landlord portfolio space. Currently they will only look at a mortgage applicatiion from you if you are under the 4 property threshold. That is all about to change with this limit now being increased to 10. In additon they are dropping their minimum income level of £50K to £25K for those who have an aggregate of £1M borrowings . They now fall into line with other lenders who are battling out for the portfolio landlord attention.

Interesting times ahead.

This now brings into sharp focus those lenders that remain on the fence. Notably BM Solutions - Birmingham Midshires who must surely make the switch before too long or face loss of market share?