Landlords as a “small business”
Landlords with mortgages on five or more houses will soon be classed as "small business owners" which may open them up to closer scrutiny by bankers.
Traditionally, rental property investors had access to discounted interest rates, assistance with legal costs and cash offers. As a "business owner", the landlord is likely to be treated as a commercial borrower and exposed to higher costs for interest and fees.
All of this will mean more regulation and expense for landlords, many of whom are already just on the positive side of the income ledger.
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