UK buy-to-let mortgages saved by EU decision

The Residential Landlords Association has today welcomed a decision by MEPs to remove buy-to-let mortgages from the scope of a new EU Directive.

Under the original plans, lenders would no longer have been able to take account of rental income when considering whether to lend to a landlord for a new property. After lobbying from the RLA and others, the European Parliament committee looking at the Directive has today decided that buy-to-let mortgages would be taken out of its scope altogether.

Responding to the announcement, Alan Ward, Chairman of the RLA said:

“Today’s decision by MEPs represents a common sense solution to a measure that would have crippled the private rental market in the UK.

“With a chronic shortage of properties in the sector, the initial proposals would have exacerbated the problem still further, causing further difficulties and higher rents for those looking for accommodation.”



1. The RLA represents over 15,000 private sector residential landlords in England and Wales.

2. The decision to exempt buy-to-let mortgages from the EU Consumer Credit Directive was taken by the European Parliament’s Economic and Monetary Affairs Committee. It will now need to be approved formally by all MEPs and the Council of Ministers.

About the author



The Residential Landlords Association (RLA) represents the interests of landlords in the private rented sector (PRS) across England and Wales. With over 23,000 subscribing members, and an additional 16,000 registered guests who engage regularly with the association, we are the leading voice of private landlords. Combined, they manage almost half a million properties.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.