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Building Society Halts Btl Loans

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Not sure if anyone saw this, apologies if already posted:

Financial Times: The Portman Building Society yesterday became the first lender in the UK to refuse buy-to-let mortgages on new flats in a sign of growing fears about the stability of the sector. The Portman, third largest buy-to-let lender in the UK, said it would avoid lending on new properties until the market forces of supply and demand had returned to equilibrium. The move by the group - which lends such mortgages through a subsidiary, The Mortgage Works - comes amid a 5.7 per cent fall in the price of new flats over the past year. (more) [Financial Times page 1 - 8.12.05.]

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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