I just read the UK Treasury piece on the EU mortgage regulatory regime. It does NOT say the EU is trying to ban BTL. Currently BTL lending is not regulated as a consumer product as the landlords are treated as professionals. The EU wants these loans to be subject to more consumer (ie landlord) protection/regulation but the UK Treasury thinks this is unecessary and intends to draft laws/rules which mean The UK complies with the EU rules but that in practice little changes. IMO the headline from the Telegrapgh is just "sensationalist" to grab attention.
Posted : 27/09/2014 11:31 pm
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