TMA launches ‘BTL Hub’ ahead of September PRA changes

TMA has launched a website to support advisers ahead of the Prudential Regulation Authority (PRA) changes coming into action on September 30 2017.

The PRA is set to change underwriting requirements on buy-to-let (BTL) mortgages, essentially affecting portfolio landlords with four or more mortgaged properties.

The new website, known as BTL Hub, will gather information from lenders who have announced how they plan to prepare for these changes and underwrite portfolio landlords.

Group development director at TMA, Lisa Martin, commented: “With the implementation date fast approaching, lenders are starting to announce how they intend to approach the new underwriting rules for portfolio landlords.”

“At TMA, we understand how confusing the new regulations may seem, and wanted to help our intermediaries as they navigate their way through the maze of changes.”

“The BTL Hub does exactly that, offering relevant, accurate and up-to-date information on all things buy-to-let,” she said.

To coincide with the launch of BTL Hub, TMA is also running a series of workshops. These will take place on 27 September in Birmingham, 3 October in Warrington and 11 October in Watford.

The half day workshops promise to bring intermediaries the extra edge to advise on portfolio landlord clients, and come with CPD learning accreditation.

The Hub will consist of key reports, new updates, links and guides from the PRA, HMRC and GOV.UK, which will support the material of these changes – complete with the latest information from lenders as they are announced.

Martin added: “We aim to provide intermediaries with a further opportunity to listen to industry experts in the Buy-to-Let arena, and allow time to engage with lenders to validate understanding.”