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It all started in the U.S.A. and the credit crunch has massively affect property investing across the world.
Hopefully, it might be all kicking off soon with Fannie Mae announcing that they are lifting their investor cap from a maximum of 4 BTL loans to 10 BTL loans.
This is a fantastic result as Fannie Mae was one of the direct casualties of the credit crunch in the U.S. and shows that unlike the UK banks, they have reassessed their risk assessment for professional landlords and are re-entering the market.
Lets see if its good news for property investing in the UK and hope that some of the banks start to relax their stringent criteria very soon…
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