Mortgage Rates: Landlords urged to remortgage !

LANDLORDS are being urged to remortgage before potentially tougher buy-to-let lending criteria, due to be introduced in September,may make it harder to remortgage.

The National Landlords Association (NLA) says the rise in remortgages is down to  landlords looking to limit their exposure to the new buy to let tax regime.

The forthcoming tightening of lending criteria is the latest attempt by the Prudential Regulation Authority (PRA) to cool the buy-to-let market, following measures earlier this year.