All posts by Neil Patterson
BofE Base Rate increased 0.25%...
The Bank of England has increased the Base Rate for the first time since July 2007 from 0.25% to 0.5%.
Despite modest economic figures and a cut in projected growth rates the current 3% inflation rate...
State Bank of India – 2.84% BTL 5 year fixed 75% LTV £995...
The State Bank of India is carving a niche for itself in the Buy to Let mortgage market with competitive 75% Loan to Value rates and criteria.
The Bank will accept applications from first time landlords.
CPI inflation hits 3% but Carney says it has not peaked...
The Latest Office of National Statistics (ONS) figures for September show Consumer Price Inflation is now at a 5 year high of 3%.
This is up from 2.9% in August, but Mark Carney the Governor of the Bank...
Airbnb mortgages now available...
AirBNB mortgages are now available from Together Money who have have informed our partner brokers that they will consider commercial mortgage terms for investors that intend to rent their properties using...
Base Rate held at 0.25% but it’s not all good news...
The Bank of England Monetary Policy Committee (MPC) today voted to keep the Bank Base rate at 0.25%. Good news for Buy to Let mortgage borrowers, but the reasons are less good for the economy.
2017 Growth...
Feedback on our new website design please...
This time last week we unveiled a fresh Property118 website design and new functionality to improve Navigation, searching and the general user experience.
One of the new features we have added is a ‘hover-over’...
Record Month For Number of Landlords Incorporated...
July 2017 has seen Property118 Limited help more landlords using the Beneficial Interest Company Transfer “BICT” incorporation structure to obtain HMRC non-statutory clearance for relief under...
SDLT Treatment For Property Partnerships At Incorporation...
Why is the SDLT treatment of partnership property different to individually owned property at the point of incorporation?
Property118 Limited has raised this very important issue with HMRC in an open latter...
Mark Carney on Base Rate increase “now is not yet the time”...
Mark Carney, the Governor of the Bank of England, said in a speech titled A Fine Balance that he did not think now was the time to increase interest rates.
This is after the last Monetary Policy Committee...
Open Letter to HMRC – Clarification of “BUSINESS”...
Today Property118 Limited sent the following open letter to HMRC.
To Whom It May Concern
Property118 Limited is an online UK forum for private housing providers (landlords). Last year, our forums facilitated...
5 to 3 the Doves have it – MPC holds interest rate at 0.25%...
The Bank of England’s Monetary Policy Committee (MPC) have voted 5 to 3 to hold the Bank of England base rate at 0.25%.
This victory by the Doves over the Hawks was closer than expected even with inflation...
Octane ‘Productless’ BTL mortgage range criteria...
Octane Capital is now offering its Buy to Let lending with a no “off the shelf” product facility.
Instead of a range of prices based on Loan to Value and criteria Octane Capital will base the...
Octane Capital launch ‘Productless’ BTL mortgage...
New lender to the market Octane Capital, set up by the founders behind Dragonfly Property Finance, has launched its Buy to Let lending with a no “off the shelf” product offer.
Instead of a...
New Family Building Society Offset BTL designed to mitigate section...
The new Buy to Let Offset mortgage has been designed by the Family Building Society to help reduce the impact of Section 24 tax changes for private residential landlords.
Any money held a linked savings...
Students turned into Landlords...
The Loughborough Building Society has launched its new ‘Buy for Uni’ mortgage targeting university students who want to get onto the property ladder while they are still studying.
This is similar...
Regulated “family” Buy to Let product launched...
Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close...
10 year fixed BTL rate at 2.99% from Barclays...
Barclays is launching a range of Buy to Let fixed rates with the headline grabber product being a 10 year fixed at 2.99% with a £2000 fee up to a maximum of 65% Loan to Value (LTV).
Other rates to be...
Building Societies are winning the mortgage rate war...
Building Societies are offering substantially cheaper main residence mortgage rates compared to high street banks.
Moneyfacts data analysis shows the average 5 year fixed rate at maximum 75% Loan to Value...
PRA rules see falling number of BTL products in January...
This month the total number of Buy to Let products available using Moneyfacts data has fallen to 1,408 down from 1,482.
This is not statistically a huge percentage, but is a significant change in direction...
Six Chinese factories to pump out 25,000 prefab homes a year...
China National Building Material Company (CNBM) is to use it’s industrial power in a £2.75bn joint venture with UK housing association, Your Housing Group (YHG) based in Warrington and renewable...
Nigel Lawson tells Hammond to cut stamp duty to raise more tax...
The Daily Telegraph has launched a campaign calling on Mr Hammond to address the issue of stamp duty in next week’s Autumn Statement. Click Here
In an article for the Telegraph today, Lord Lawson...