Mortgage Credit Directive changes to Buy-to-Let Mortgages

From the 21^st March 2016 BTL mortgages will be treated differently.  The government has chosen to use an exemption in the MCD that means they do not have to apply the Directive’s requirements to buy-to-let mortgage activity.  However in order to rely on this exemption, an appropriate framework for this type of activity has to be put in place.