Buy to let not included in mortgage support scheme
The government yesterday published the details of its Homeowner Mortgage Support Scheme.
The scheme will not inlcude buy to let mortgages.
To qualify for the scheme, borrowers will also have to have received advice from a body other than their lender; they have to have fallen into arrears for a number of months; and have to show that they have lost income from employment or self employment making mortgage repayments too difficult.
December 23rd, 2008 at 2:24 pm
Why weren’t buy-to-let mortgages included? I guess it might prove too much of a liability, and these are not primary residences by definition.