Buy to Let News

HD consultants

HD Consultants Get Business MoneyFacts Award Recognition


Property118 IFA partners HD Consultants won a podium finish in their first venture out to the Business MoneyFacts awards held last night. Howard Reuben, the Principal of HD Consultants, and his team won 3rd place “Commended” Buy To Let Mortgage Broker of the Year 2015. Howard said “recent trade press report there are about 16,000… Read more

Mark Edwards - Residential Property Landlord and Finance Broker

Local Authority Lets, No need to take a chance!


Letting a property on a 3 of even 5 year contract to the local authority may seem like an attractive idea for some landlords. As well as helping to ease the chronic public sector housing shortage, the landlord benefits from a guaranteed rent paid into their account every month without fail for the period of… Read more

Accidental Landlords

EU threat to Accidental Landlord Let to Buy


The Treasury has decided that to conform to the European Mortgage Credit Directive (compulsory by 2016) all Buy to Let contracts, where the mortgage was not entered into solely for business purposes, will be defined as “consumer” loans. Hence all Let to Buy or accidental landlords will become regulated in a similar way to residential… Read more

buy to let 10 year fixed

Buy to Let 10 year fixed rate from TMW


The Mortgage Works (TMW) have recently released the only Buy to Let 10 year fixed rate currently in the market. The product is a 10 year 4.99% fixed until 30/04/2025 with a maximum 75% Loan to Value Stress tested at 4.99% notional rate and 125% interest cover. That means for every £1 of rental income… Read more

choice paradox

The Choice Paradox

Isn’t it odd how we all want more and less choice at exactly the same time? Take an evening spent at the local restaurant. How often have we picked up the menu and unfolded it so many times that the sheer magnitude of choice suddenly becomes overwhelming? As a result it becomes almost impossible to… Read more

Buy to Let

Buy to Let market starts the year with a BANG


The mortgage market has opened the year with a bang, including the launch of a new Buy to Let lender, Fleet Mortgages. Chief executive of Fleet Mortgages Bob Young said “we have brought this lender to market in record time and are lending at what is a very exciting time for a growing and developing… Read more

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

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