Buy to Let News

Rental cover to be lower for Ltd company BTL applications than individual!

Rental cover to be lower for Ltd company BTL applications than individual!

16/05/2016

Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%. Simon Bayley, commercial director, said: “There is no doubt that with the new restrictions on tax relief which landlords can claim back and now the hardening of the rental cover calculation, the limited company… Read more


Buy to Let in Ltd Company name – New specialist lender

Buy to Let in Ltd Company name – New specialist lender

10/05/2016

New lender, Foundation Home Loans, has launched into the Buy to Let market specialising in criteria for investing in the name of a Limited Company post clause 24. This niche will in particular allow new investors to start by avoiding the mortgage interest relief penalties of borrowing in a personal capacity without a mark up… Read more


Property118 Landlords Association – should we?

Property118 Landlords Association – should we?

03/05/2016

Having raised over £500,000 to take West Bromwich Mortgage Company to the Court of Appeal it has been suggested by numerous Property118 members that we should become a Landlords Association. Sentiment appears to be that a group with courage to take legal action against rogue mortgage lenders and poor decisions made by Government is seriously needed… Read more


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


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