Buy to Let News

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

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

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

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


PRA rules see falling number of BTL products in January

PRA rules see falling number of BTL products in January

10/01/2017

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 from the previous steady rise post credit crisis. The majority of withdrawn products were in the 75% maximum loan to… Read more


69% of all BTL purchases now in Ltd Co names

69% of all BTL purchases now in Ltd Co names

05/01/2017

Mortgages for Business data shows that for quarter 4 last year 69% of all new Buy to Let purchase applications were made in the name of a limited company. This is an increase of 6% on quarter 3 and a massive increase on the average of 21% in limited company names before Section 24 mortgage… Read more


PRA, DSCR, FCA, HMO, SPV, SIC Code, ATED – What BTL landlords need to know for 2017

PRA, DSCR, FCA, HMO, SPV, SIC Code, ATED – What BTL landlords need to know for 2017

28/12/2016

The numerous interventions from regulators, the EU, the changing lending landscape and even more scrutiny that banks now demand before agreeing terms, has all made for a much more difficult BTL marketplace. You have probably seen this for yourself already. Many mortgage brokers who dabbled in the BTL space have now gone back to their… Read more


BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act)

BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act)

15/11/2016

I have had lots of people ask how the calculation works for the amount you can borrow after the new rules come into force next year regarding Buy to Let affordability testing. To make it simple as a follow up to the example in the original article below: The maximum you can borrow: Pre January… Read more


Now is the time to act if you are considering a BTL remortgage or purchase

Now is the time to act if you are considering a BTL remortgage or purchase

10/11/2016

The Prudential Regulation Authority (PRA) Consultation on landlord ‘affordability’ management is being implemented as guidance to lenders from the 1st of January. The PRA are requiring Buy to Let lenders to take into account borrower’s increased tax liabilities due to Section 24 mortgage interest relief reductions and other outgoings when assessing the amount of loan… Read more


No age limit property finance on Keystone Ltd Co and Joint applications

No age limit property finance on Keystone Ltd Co and Joint applications

04/11/2016

“The aim of accepting landlords over the age of 85 years within a joint mortgage application will allow many of our older borrowers to continue to leverage their portfolios”, said David Whittaker CEO of Keystone. Keystone Property Finance has removed the age criteria on its Classic range of mortgage products for joint applicants and for… Read more


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