Britain: The Bank of England has warned that landlords could pose a threat to banks and wider financial stability, as buy-to-let mortgages has double the chances of turning bad as loans taken out by owner-occupiers.
Rented properties are thriving as house prices increase, making it extremely difficult for potential first time buyers to purchase a property. Banks have tighter standards on home loans for owner-occupiers, in comparison to buy-to-let borrowers. This makes it easier for landlords to get a mortgage.
