Many buy-to-let investors now face having to provide more information to lenders who have more stringent underwriting procedures for ‘Professional Landlords’. Previously they may have obtained lending just by an appraisal of the viability of each property being purchased. Most ‘portfolio lenders’ are now asking for a ‘Business Plan’ and Cashflow projections. There is confusion Read more about Buy-To-Let Portfolio lenders and Business Plans[…]

I’ve recently had two cases where a lender has agreed to provide a loan to a SME but have included within their security requirements a ‘legal charge over the shares of the company’ (in addition to the more normal request for a Mortgage Debenture). I’ve never encountered this in years of experience.