BTL mortgages for longer term tenancies . Increased competition - TopicsExpress

BTL mortgages for longer term tenancies . Increased competition has led to some very keenly priced rates being offered - and to some other significant shifts on the supply side . One of the most dramatic developments in the market came from the nationwide , the owner of TMW , which has become the first mainstream BTL lender to allow landlords to offer tenants longer term contracts , Most lenders restrict BTL borrowers by requiring term to offer their tenants a maximum contract of 12 months .

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