BoE Updates Definitions for BTL Data Collection
BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item. Additionally, the Phase 2 definitions have been updated for the Reversion Rate Type data item. The examples for specified rates have been changed to reference SONIA instead of LIBOR in the Rate Tracker and Floating Rate options. The update to the definitions is effective for June data reporting.
The BTL Form is being used to collect data on buy-to-let lending, with the data collection taking place in three phases from the third quarter of 2017. BoE requires the BTL data to be submitted on a quarterly basis via the BEEDS portal. The data is also submitted to the Council of Mortgage Lenders (CML). Files are to be first delivered to BoE on 20th working day after the end of a quarter.
Related Links
- Statistical Notice 2020/04
- Definitions for Phase 2 (PDF)
- Definitions for Phase 3 (PDF)
- Additional Information on BTL
Keywords: Europe, UK, Banking, BTL Form, Buy-to-Let, Statistical Reporting, BoE
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