Buy to Let News

Stamp Duty Calculator

Stamp Duty Calculator


Whilst the rest of the media have been reporting on the pros & cons of Chancellor George Osbourne’s Stamp Duty Land Tax reforms, here at Property118 we have been busy producing a calculator which makes it very easy to work out how much stamp duty you will need to pay. Why not test it for… Read more

new build

Stigma of lending on New Builds is easing


BM Solutions have changed policy and criteria for New Builds. The maximum Loan to Value now available on New Build houses and more importantly New Build Flats has increased from 65% to 75% LTV. 75% is the standard maximum LTV for BM Solutions and all products will now be made available to New Build houses… Read more

stress testing

TMW to increase Stress Testing


The Mortgage Works (TMW) have announced they will increase their standard Stress Testing on all Buy to Let mortgages  that fall between 65% and 75% Loan to Value (LTV) from a Notional rate of 4.99% to 5.49%. Stress testing is how a lender calculates the amount you can borrow based on the rental income pcm… Read more

short term buy to let

Short term Buy to Let product with no interest payments until redeemed


Castle Trust have introduced a new short term Buy to Let product called the Flexible Zero Mortgage, which is designed as an alternative for raising short/medium term finance from 1 to 5 years. The USP (unique selling point) is that there are no monthly payments, because the interest is accumulated and added to the principle… Read more


Aldermore – Bridging finance and BTL remortgage based on open market value


Challenger bank, Aldermore Mortgages, entered the bridging finance market this year although they only offered their proposition via one distribution company. Their USP’s include bridging rates from 0.64% but they also allow remortgages within 6 months on to their BTL product up to 80% LTV. Why is this great news for Readers? CASE STUDY EXAMPLES;… Read more

buy to let market

Buy to Let Market watch – High Loan to Value


I have been updating the Quote Engine and Calculator with the latest products for readers, and thought it would be useful to give an update on niche areas of the Buy to Let Market, starting with higher Loan to Value products at 80-85%. Buy to Let market products and criteria are like a set of… Read more

BTL Joint Venture Funding For New Purchases Has Arrived

Innovative New BTL Mortgage Product


85% LTV, low rates and fees AND positive cashflow on new BTL purchases? Yes it’s true, and it’s available NOW! The eagerly awaited collaboration between a market leading BTL mortgage provider and the UK’s only provider of BTL equity finance has now been launched – AT LAST!!! The resultant product allows landlords to purchase properties… Read more

Open Market Value

Bridgebank capital are unique in advertising they will lend on Open Market Value


Bridgebank capital are a Bridging loan lender fully regulated by the FCA and uniquely advertise they will lend against the open market value (OMV) of a property rather than the lower of purchase price or value. They are targeting landlords/investors/property traders who may be purchasing at auction, repossessed, distressed sales or bulk discounts. The maximum… Read more

accidental landlord

Accidental Landlord Buy to Let mortgages are now to be regulated


The Government has changed its mind about regulating Accidental Landlord Buy to Let mortgages in a decision to now comply with the EU mortgage credit directive being brought into law March 2016. The Treasury has stated that accidental landlords who did not make the conscious decision to purchase a property to rent it out were… Read more

bridging loan

Commercial Bridging loan converted to Buy to Let in one package


When looking at financing an investment property that is not immediately suitable for a Buy to Let mortgage the costs and stress of repaying the initial Bridging loan required after 6 month can be high. However Shawbrook Bank offer the ability to switch directly from their Bridging facility to their Buy to Let products with… Read more

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