Bruised UK landlords face new loans blow

The UK’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.

Chancellor of the Exchequer George Osborne told lawmakers in October that Bank of England will get powers to regulate the so-called buy-to-let market as soon as possible.

The central bank may move as soon as a meeting later today of the Financial Policy Committee to curb lending for rentals, according to Morgan Stanley analysts.