http://www.timesonline.co.uk/tol/money/pro...icle4881430.ece
"LANDLORDS coming to the end of cheap two-year fixes face payment shocks of almost £300 a month on a typical £150,000 mortgage, as house prices fall and lenders pull their competitive deals.
The number of buy-to-let mortgages shrunk by almost a third in a single day last week following the withdrawal of Bradford & Bingley, formerly the UK’s biggest lender to landlords, from the market. UCB Home Loans and The Mortgage Works, both owned by Nationwide, followed suit. Nationwide said it was a temporary measure as they were inundated after B&B’s demise. It expects to resume business for new customers within days.
Others lenders such as Woolwich, owned by Barclays, have increased rates by up to 0.5 percentage points.
Melanie Bien of Savills Private Finance said: “Landlords coming up to remortgage will find the mortgage market less welcoming than before . . . there is less choice, higher rates and tighter criteria.” "