PRA is consulting on proposed minimum standards that firms would be expected to meet when underwriting buy-to-let mortgage contracts. The standards aim to prevent inappropriate lending and the potential for excessive credit losses. PRA proposes that lenders should take landlords’ overall financial situations better into account when making the lending assessment. PRA also clarifies how to apply the SME supporting factor to buy-to-let mortgages. Consultation closes on 29 June. (Source: PRA consults on buy-to-let underwriting standards)