Quicken Posted November 21, 2013 Share Posted November 21, 2013 Watch what they do, not what they say. They haven't stopped West Bromwich or Bank of Ireland. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted November 21, 2013 Share Posted November 21, 2013 6700 BTL professionals are due to be hit with the rate increase. A small % of their book I would think - just testing the water? Very much so.I think WBBS picked their sample carefully. It does seem a little arbitrary to select those who have three properties or more instead of using a more sensible metric such as portfolio LTV but then as you're implying,this is more about the possibilities for their wider mortgage book than these 6700 people.It doesn't really make sense to do it otherwise. It wouldn't surprise me if WBBSs' legal team were getting a little help from those higher up the food chain. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.