The Bank of England is to crackdown on buy-to-let mortgages as it warns lenders that many landlords may default.
Banks and building societies are being told they will be watched more closely to ensure they are not issuing risky mortgages, the Daily Telegraph reports.
The move by the Bank of England comes as mortgage rates and costs have shot up since the Mini-Budget fiasco in September, and lenders being warned to be “ready for a prolonged period of credit stress”.