Buy to Let News

Octane ‘Productless’ BTL mortgage range criteria update

23/05/2017

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 cost of the mortgage on the perceived risk the borrower represents to the lender. They will lend to individual… Read more


New Family Building Society Offset BTL designed to mitigate section 24

04/04/2017

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 account with the Society will reduce the balance for which loan interest is calculated on the mortgage by the same… Read more


Mortgage Express assets sold in £11.8 billion Bradford & Bingley deal

Mortgage Express assets sold in £11.8 billion Bradford & Bingley deal

31/03/2017

UK Asset Resolution (UKAR) has today confirmed the sale of two separate Bradford & Bingley asset portfolios comprising performing Buy to Let loans for a total of £11.8 billion to Prudential plc and to funds managed by Blackstone. Non-performing loans are where a scheduled mortgage payment has not been made for more than 90 days…. Read more


The long haul perspective for Landlords and financing

28/03/2017

The Budget was a massive disappointment for Landlords. There had been hopes for a reversal of the incoming changes to tax relief on mortgage interest and stamp duty rates.  Unfortunately, there were no such U-turns here. However existing Landlords and Portfolio owners can perhaps consider some of the positives and options: House prices are up… Read more


Specialist investor finance for all types of properties and projects

01/03/2017

The specialist property finance market can now cater for a very wide ranging types of projects, properties and timescales. With ever more niche lenders, products and criteria becoming available to private individuals and companies. Short Term Loans: Designed to assist in purchasing or refinancing property quickly, whether you are looking to add value with light… Read more


Students turned into Landlords

01/03/2017

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 in criteria to the Bath Building Society student mortgage that has been available since 2012 see >> https://www.property118.com/student-buy-to-let-mortgages/33850/ The Loughborough BS will lend up… Read more


9 Places to Consider for Property Investment in 2017

9 Places to Consider for Property Investment in 2017

16/02/2017

Our 2017 property predictions have pointed to a strengthening in rental demand, due to the widening gap between the rise in wages and house price growth, and a shortage of housing. Yet, even with a strengthening rental sector, it is clear certain cities outperform others when it comes to buy-to-let. Whether it be because of… Read more


Regulated “family” Buy to Let product launched

31/01/2017

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 family member live in the property. This includes in the horizontal family tree plane Brothers and Sisters and in the… Read more


10 year fixed BTL rate at 2.99% from Barclays

25/01/2017

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 offered include: 2.09% 2 year fixed max 75% LTV with a 1% fee or… Read more


Building Societies are winning the mortgage rate war

23/01/2017

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 offered by a Building Society is 0.66% cheaper than the comparable Bank product. The average 5 year 95% LTV Building Society mortgage product is… Read more


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