Buy to Let News

COURT OF APPEAL UPDATE – West Brom Tracker

COURT OF APPEAL UPDATE – West Brom Tracker

29/04/2016

Our legal team from Cotswold Barristers and Michael Ashcroft QC were superb at The Court of Appeal. Three judges sat on the panel to hear our case, two Lords Justices of Appeal and one Lady Justice, the most eminent being the Rt Hon Lord Justice Leveson, President of the Queen’s Bench Division and third most… Read more


Shawbrook Bank produce a report on the evolution of the HMO market

Shawbrook Bank produce a report on the evolution of the HMO market

26/04/2016

Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans on a case by case basis and not merely by credit score. They therefore have a very professional insight… Read more


New Tax Strategy For Accidental Landlords

New Tax Strategy For Accidental Landlords

08/04/2016

For those new to buy to let and considering the letting of their current home, in order to buy another for themselves (usually at a higher price) there is a way to avoid the 3% SDLT surcharge on the more expensive property by following this strategy. Create a new limited company and sell your current… Read more


Mortgage Express – Are they looking to break mortgage contracts?

Mortgage Express – Are they looking to break mortgage contracts?

05/04/2016

Mortgage Express have written to many landlords warning about a review of current interest rates and repayment types. The concern of readers is that Mortgage Express may be looking to break mortgage contracts on long standing tracker reversion rates in the same way the West Brom have done. The Property118 organised class action against West Brom… Read more


Bank of England Buy to Let affordability rules update

Bank of England Buy to Let affordability rules update

30/03/2016

In an effort to stem the perceived risk of Buy to Let on the housing market, the Bank of England have imposed new guidelines on lenders to tighten underwriting standards that have slackened since the credit crisis. Although there are no hard and fast criteria rules the Bank of England want lenders to stress test… Read more


Budget 2016 – Incorporate Now BEFORE 30th March

Budget 2016 – Incorporate Now BEFORE 30th March

16/03/2016

Budget 2016 has put massive pressure on landlords who have been considering incorporation following George Osborne’s announcements in the Summer 2015 Budget which restricts finance cost relief for individual landlords. My message to all landlords who have been considering incorporation is a crude one – it’s time to piss or get off the potty! If… Read more


House Price Growth remains robust at 9.7%

House Price Growth remains robust at 9.7%

03/03/2016

Despite a predicted last minute rush for Buy to Let Investors to complete purchases before the 3% Stamp duty surcharge comes into force for second property purchases in April, the annual house price growth remained at the same robust level of 9.7%. However, mortgage approvals did increase by 5% between December and January reflecting the… Read more


Interesting new product for First Time Buyers via Bank of Mum and Dad

Interesting new product for First Time Buyers via Bank of Mum and Dad

15/02/2016

In his seminal preview of the mortgage lending market in 2016, published this week, The new “normal” prospects for 2016, leading economist Rob Thomas addresses the issue of housing affordability. He notes: “Paradoxically, while the media and politicians have focused on the unaffordability of housing as measured by the house price to earnings ratio, the… Read more


80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies

80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies

10/02/2016

Aldermore have reduced their 5 year fixed Buy to Let rate to 3.99% for single residential units in the name of individuals or limited companies up to a maximum of 80% Loan to Value. Aldermore do not credit score and every case is individually assessed by the underwriting team. You can use all of the… Read more


Confidence now worse in BTL than during the financial crisis

Confidence now worse in BTL than during the financial crisis

02/02/2016

Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the financial crash’, the CEO of the UK’s largest landlord association will tell leading mortgage professionals today (2nd February 2016). Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), will… Read more


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