02.10.2008 - Buy-to-let in mire for two years, warns adviser
From FT Adviser: Lenders are unlikely to offer any new buy-to-let deals "worth having" for at least two years, a broker has warned following the nationalisation of Bradford & Bingley. The buy-to-let market has been hit by takeovers at its two largest lenders in recent weeks, with Lloyds TSB buying up HBoS and the Treasury confirming the nationalisation of B&B's loans book. Buy-to-let has been strongly affected by the credit crunch and fall out from Northern Rock, as people who do not need the property's they buy as homes are considered more high risk..... Full Article: Source