Buy-to-let lender Platform has cut the amount it will lend to landlords relative to their rental income. Daily Telegraph

The specialist lending arm of Britannia Building Society, will soon require the expected rent to be 125% of the mortgage interest payments. Previously, it only required a 10% buffer.

It has also limited the amount of money that landlords can borrow to 85pc of the value of a property, compared to 90% previously. The changes come into effect next Wednesday.

David Tweedy, managing director of Platform, said: 'These changes reflect Platform’s prudent lending approach and are indicative of the current economic climate.'