Buy-to-let in the firing line

Residential property prices look set to fall further as buy to let investors dump property which they can no longer afford, following a decision by some lenders to force investors to repay the capital, as well as the interest, on their loans.

20th November, 2010

Residential property prices look set to fall further as buy to let investors dump property which they can no longer afford, following a decision by some lenders to force investors to repay the capital, as well as the interest, on their loans.

Permanent TSB (PTSB), which was a big player in the buy-to-let market, wrote to investors earlier this month telling them it was calling in the interest-only option on all residential investment mortgages once...

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