Under the stressed scenario Landbay’s losses would equal 1.83%, which the lender’s reserve fund would cover a portion of. The annual return to investors would drop from 3.5% to 3.13% per year.
The society has hiked its maximum loan amount at 50-75% loan-to-value from £500,000 to £750,000.
Currently most lenders offer mortgages on properties where the roof space has been leased for solar panels, provided their consent has been obtained and conditions met.
Under the plans solar panels would be fitted to a million social homes.
On the panel were David Whittaker, chief executive of Keystone Property Finance, Adrian Moloney, sales director at One Savings Bank and Steve Cox, distribution director at Fleet Mortgages.
He said this can lose advisers their place on the panel or even their jobs from adviser firms.
There has been something of a backlash against using complaints data against advisers, meaning the service is more likely to be a listing service, detailing what products brokers advise on, rather being than a comparison tool.
Speaking at FSE Manchester at The Emirates – Old Trafford today, Sinclair argued that the FCA is rowing back on principles established in the Mortgage Market Review in 2014.
This amounts to £227.50 a week on basics such as food, clothes and utility bills, while leaving some spare cash for eating out and entertainment.
Pannell noted that tax and regulatory changes, like the reduction in mortgage tax relief, have resulted in landlords maintaining or shrinking their investments rather than expanding their portfolios.