Lenders are withdrawing buy-to-let loans for first-time buyers over fears of fraudulent behaviour, as borrower avoid affordability criteria.
Virgin Money has become the latest to withdraw the loans, but some argue that this is unfairly preventing innocent twenty-somethings from getting a foot on the housing ladder.
For those on lower earnings living and working in higher value areas, like London, a buy-to-let in a more affordable area may be the only way to get a foot on the property ladder.
The Times, 57
