More than 144,000 private landlords coming to the end of five-year fixed deals face re-mortgaging at starkly higher rates in 2024.
The Mortgage Works (TMW) has shaken up the BTL lending market by making improvements to the affordability assessment applied to portfolio landlords.
Landlords who took out a new mortgage between April and June this year made an annual cash loss for the first time since 2007.
