Buy-to-let investors to be hit

Buy-to-let landlords will have to raid their savings and inject extra capital into their homes, under an obscure clause in their mortgage contracts, if house prices continue to fall. Daily Telegraph

Property Week - 14th April 2008

Both Bradford & Bingley and HBOS-owned Birmingham Midshires, the two largest buy-to-let mortgage providers, each with 20% of the market, require customers to top up their initial deposits if falling house prices mean the size of their mortgage rises above 85% of the value of the home - full article