Buy to Let News

Buy to Let

Loan to income ratio on Buy to Let – what could be next?


It has been announced that the Nat West and RBS group will be tightening their Buy to Let mortgage criteria even further. They will be limiting their loan to income ratio to 4.99. The move became effective as from the 14th July and this criteria change follows on the heels of a recent reduction in… Read more

Evicting tenants just to break a contract with a letting agent

Evicting tenants just to break a contract with a letting agent


I was talking to Tony Sheldon at this morning about the increasing number of landlords who are being forced into evicting perfect tenants as the only way to get out of a contract they have with their letting agents.  Tony explained that he has conversations with landlords on a daily basis who are so… Read more


Remember our background is in BuytoLet and Commercial finance


Mark, Mike and I met through the common background of BuytoLet and Commercial Finance. Over the years through The Money Centre and now Property118 we have literally helped 10s of thousands of Landlords, developers and investors start and grow their property businesses. Unfortunately we are now old enough to have seen, done and bought the… Read more

The NISA way to invest into buy to let

The NISA way to invest into buy to let


The 2014 Budget saw a package of measures announced to help savers trying to build a nest egg. One of the most significant changes was the introduction of the new ISA (NISA) which comes into effect on Tuesday 1st July 2014. This will see ISA allowances both increase to £15,000 and become investable in any… Read more

Mark Edwards - Residential Property Landlord and Finance Broker

Buy to let, no minimum income


You may well be forgiven for thinking that the current climate has been quite tough for obtaining finance.  The Financial Conduct Authority’s (FCA) recent implementation of the Mortgage Market Review, which put new restrictions on lending, has now been quickly followed by talk of the Bank of England looking to raise interest rates sooner rather than… Read more

Buy to Let mortgage

Buy to Let mortgage rates moving down not up with Virgin!


Despite the Press and politicians misreporting and misunderstanding Mark Carney’s (the Governor of The Bank of England) latest comments, Virgin Money have actually reduced their Buy to Let mortgage rates for lower Loan to Values. Mr Carney did not say interest were definitely going up this year and Virgin Money are proving that point by… Read more

Interbay Term Refurb – New product type to help Property Investors

Interbay Term Refurb – New product type to help Property Investors


The New Interbay commercial Term Refurb mortgage product allows a refurb period for a borrower to enhance the value and earnings potential of a property with a view to holding. This is a longer term product with a period during which the property will be vacant to allow property owners to undertake a refurbishment project…. Read more

Joint Venture BTL Finance

BTL Joint Venture Funding Coming Soon!


The secret is out, remember where you heard it first! A leading BTL mortgage lender has joined up with an equity finance provider and will soon be launching a new deal to fund buy to let purchases in a way never seen before in the UK. How it works …. YOU put in a deposit… Read more

Precise mortgages

Precise Mortgages launch Almost Prime Buy to Let up to 80% LTV


Precise Mortgages has launched a new “Almost Prime” Buy to let mortgage range for investors with minor and historic adverse credit including products up to 80% Loan to Value (LTV). “Almost Prime” can assist investors with the following credit problems up to 80% LTV: Defaults  none in the last 24 months CCJs none in the… Read more


BTL Stress testing – increased affordability rates?


I found out yesterday that Woolwich have now started using a reference rate of 5.79% at 125% in their rental calculations. They seemed the last of the lot in this regard after BM stopped using the pay rate last year. I’ve only been in the BTL game for a couple of years now, and wanted… Read more

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