Hi,
Ref: The Risk Of Bail-In from UK Banks to Landlords
Banks requiring bailouts can now lawfully keep your money to stay afloat, called a "bail-in". Yes, it is now law!!!
Depositors risk losing money in their bank above the insurance limits. It is worth noting that only a fraction of the money held by banks is insured.
Landlords, by nature, sell, buy, or build property or building projects and usually have large amounts of money in their bank accounts, so they are more exposed to this risk.
We have an exclusive article written by the British Landlords Association members, which you can read by clicking the link below:
The Risk Of Bail-In from UK Banks to Landlords
Disclaimer: Our article is not intended to offer financial or tax advice. Please seek professional advice before making any financial or tax decisions.
British Landlord Association
Media Team
01293 855700
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