If you’re a landlord wanting to buy a new-build flat then the situation becomes even more bizarre. Now, let’s get this straight, we fully understand why in the immediate period post-Credit Crunch, lenders were hesitant/ultra-cautious about lending on new-build. Are lenders truly saying that new-builds are a riskier buy? So, it is time for lenders to get their collective new-build heads out of the immediate period post-2008. Let’s see a focus on criteria to support those who have healthy deposits and, who along with the new-build property, is nowhere near the risk lenders appear to think they are.

Source: The Times December 08, 2021 08:36 UTC