The Bank of Scotland has drop five of its buy to let mortgages and ten of its self-certifying mortgages, this decision was due to the pressure created from other mortgage lenders who have completely dropped out the buy to let mortgages market.
The HBOS and the Mortgage Business have also pulled out some of their buy to let mortgage range.
Heather Scott, HBOS mortgages head of press relations said:
There has been a very significant reduction in the number of lenders in the specialist sector. Our focus is on getting the right proportion of business.
We can’t handle the level of business from those lenders who have left the sector.
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