RBS Increases Minimum Deposits
Royal Bank of Scotland and Natwest are to increase the minimum size of deposits that landlords must pay from 15 to 25 per cent of a property’s value from the end of today.
The banks, which previously lent up to 85 per cent of a buy-to-let property’s value, said the move was a defensive measure to try and protect the service whilst they are receiving record volumes of mortgage applications.
Popularity: 15%
More NewsLink to us!
Please use the following code if you like to link to this article.
copy (CTRL-C) and paste (CTRL-V)
Comments
Got something to say?
Latest Property Headlines
- Beautify your Bathroom
- Maintenance of the house
- It’s all in the detail
- Areas of the house to invest in
- New site for Morrisons
- The 2010 election
- Is Spring the best time to sell houses?
- Alternative energy for your house build
- Finding the right bargains
- Will the property market effect your election vote?